Crypto exchange EXMO.me refused to impose restrictions on Russian users

The company’s representatives noted that they see a “huge potential” in Russia and will continue to develop business in the country

22.04.2022 - 12:00

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What’s new? EXMO.me, a cryptocurrency exchange, is not going to impose restrictions on residents of Russia on its platform. The company stressed that they see a “huge potential” for business in the Russian Federation and will continue to develop in the region. The launch of a separate platform for Russians will allow them to work more effectively with local payment systems and banks, as well as provide an opportunity to participate in the regulation of cryptocurrencies in the country, the exchange’s representatives told RBK-Kripto.

RBC’s material

What had happened before? On April 18, EXMO launched a separate platform for users from Russia, Belarus, and Kazakhstan. Parts of the company in these countries were sold to EXMO RBK LTD. For ordinary users, the terms of the exchange will not change in any way, the unit may use the branding, software, technical developments, and the official domain of the platform.

On April 21, the world’s largest cryptocurrency exchange by trading volume, Binance, announced the introduction of restrictions for Russian citizens, according to the fifth package of EU sanctions against Russia. The restrictions affected users whose balance exceeds €10 000. Earlier, exchanges such as Kuna, WhiteBIT, and CEX.io completely blocked users from Russia.

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