According to a Wall Street Journal investigation, Binance continues to process transactions for at least five Russian banks that are subject to sanctions by Western countries.
It’s known that Russian customers can use Binance for P2P trading, using the bank accounts of Tinkoff and Rosbank for payments.
Furthermore, it’s claimed that Binance has lifted the previously imposed €10,000 limit on Russian accounts, which was introduced due to EU sanctions.
If this information is confirmed, it could further complicate Binance’s relationship with regulators in the US and Europe, where tensions are already high. The platform has already encountered issues in several European countries, such as the Netherlands, Germany, and Cyprus.
