Binance chief called for peace after new restrictions on Russians were imposed
Changpeng Zhao said that cryptocurrency exchanges must comply with all sanctions
22.04.2022 - 14:00
241
2 min
0
What's new? Changpeng Zhao, founder and CEO of the Binance exchange, called the EU's new restrictions against Russians “a historic aggressive action.” He believes that crypto exchanges should not have the right to unilaterally freeze the accounts of users of an entire country and must comply with all sanctions. Zhao posted this on his Twitter.
What else did Zhao write? The head of Binance stressed that the exchange has complied with EU requirements to restrict citizens, companies, and residents of the Russian Federation with an account in excess of €10 000. Zhao said that world leaders must now do what is necessary to ensure peace for users, employees, and other members of the blockchain community.
What had happened before? On April 8, the European Union introduced the fifth package of sanctions against Russia, which limits Russian residents' investments in cryptocurrency to €10 000. The new rules are designed to prevent Russian oligarchs from circumventing EU investment restrictions with cryptocurrencies.
On April 21, Russian traders published a petition to abolish the limit on trading on Binance. The authors of the initiative believe that conflicts between countries should not affect the fate of ordinary people.
Useful material?
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024
Market
China Asset Management, Harvest Global Investments, and Bosera Asset Management have received permits
Apr 15, 2024