Binance Limits Services to Russian Users

[Carbitcoin]

That wasn't professional enough what binance had done with Russian users but politics is everywhere. As far my knowledge, authority of binance, doing their activities in usa and that's why they have to follow some rules and regulations from that country, even binance cz resigned due to political pressure. So Actually we can't accused binance or its authority for that

I agree with you, I'm disagree with Binance policy to limit service to Russia users.
It seems not fair.
Because trading , investing should different from political matters.
It's funny

Yeah, I think It's just polical matter if binance limit Russian users.
But maybe US has policy to detect suspicious transaction, and suggest binance to limit russian users.
Hopefully this was will end soon.

In any case, we are talking about possible financing of violence. That is why everyone is being restricted, although many may not be directly related to the war.

[dekafee79]

any case, we are talking about possible financing of violence. That is why everyone is being restricted, although many may not be directly related to the war.

Agree , I think why binance limits services to russian user, as you said possible of violence.
And I think maybe there are several suspicious transactions.
I think it makes Russian user has been limited.
TBH, I don't agree about war, hopefully this war will end soon.

[IyemRoker]

any case, we are talking about possible financing of violence. That is why everyone is being restricted, although many may not be directly related to the war.

Agree , I think why binance limits services to russian user, as you said possible of violence.

The country of Russia seems to be affected by various countries around the world because it has invaded Ukraine, not only regarding cryptocurrency but also regarding trade, food, oil, gas and even sports matches are also restricted.
I am very sad that war is everywhere, so why does it have to be like that, I don't like war and this really makes me sad, Binance's steps are right to limit the use of cryptocurrency for Russian citizens but don't freeze their assets.
If Binance freezes the assets of Russian citizens, it is the same as Scam and Fraud, their cryptocurrency assets are their full rights, don't ever allow Binance to freeze the assets of Russians, this will be a fatal mistake for Binance.

[yohananaomi]

The country of Russia seems to be affected by various countries around the world because it has invaded Ukraine, not only regarding cryptocurrency but also regarding trade, food, oil, gas and even sports matches are also restricted.
I am very sad that war is everywhere, so why does it have to be like that, I don't like war and this really makes me sad, Binance's steps are right to limit the use of cryptocurrency for Russian citizens but don't freeze their assets.
If Binance freezes the assets of Russian citizens, it is the same as Scam and Fraud, their cryptocurrency assets are their full rights, don't ever allow Binance to freeze the assets of Russians, this will be a fatal mistake for Binance.

Everyone did not want an invasion of Ukraine, so this action had an impact on both countries; no one benefited from the conflict.Of course, there is a political problem that causes Russia to invade, which makes it difficult to find a solution. If there is no intention on both sides to be able and willing to carry out a peace agreement, this impact also affects Russia and Ukraine in terms of trade, which makes it difficult to meet their needs.I agree with you that Binance could do that for the purpose of providing intervention so that they can be invited to make peace by placing restrictions, but if it means freezing assets, it would certainly not be wise because they have also contributed to the journey so far for Binance.

[IvugeoEvolutionCoin]

any case, we are talking about possible financing of violence. That is why everyone is being restricted, although many may not be directly related to the war.

Agree , I think why binance limits services to russian user, as you said possible of violence.
And I think maybe there are several suspicious transactions.
I think it makes Russian user has been limited.
TBH, I don't agree about war, hopefully this war will end soon.

It's not just violence that occurs, but Binance just wants its platform to avoid problems that may often occur because we know that Russia often carries out international transactions for war needs and oil needs. So I'm sure the Binance exchange is limiting Russian users because they don't want products as large as Binance's to be used for money laundering.

[bitterguy28]

We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .

Binance limiting is better than totally closing their doors to Russian users.

[masudginanjar]

-we know that Russia often carries out international transactions for war needs and oil needs.

This evidence is a bit strong because war definitely requires a lot of weapons, ammunition, vehicles, oil, gunpowder, etc.
Binance does not want to open the tap to users from Russia because the funds withdrawn from Binance are afraid of being misused for war.
In my opinion, this is just a brief overview of the war that has occurred, but I appreciate that Binance has also provided this kind of understanding so that we can be aware of war if it occurs.
(I hope that where I live there is no war and I hope it is full of peace).

[DAMKAR]

We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .

Binance limiting is better than totally closing their doors to Russian users.

agreed, limiting is better than closing or ban russian user.
Although, some times I just think ,it seems not fair.
The war is the government policy, not civil
Why the civil affected.
Maybe US or binance  consider suspicious transaction, not about user but about their transaction type.
The war  always have bad effects for the civil.
Unfortunately, it's not been ended soon.

[Freemind]

agreed, limiting is better than closing or ban russian user.
Although, some times I just think ,it seems not fair.
The war is the government policy, not civil
Why the civil affected.
Maybe US or binance  consider suspicious transaction, not about user but about their transaction type.
The war  always have bad effects for the civil.
Unfortunately, it's not been ended soon.

Limiting services to Russian citizens in this case is nothing more than another measure of pressure from governments. It is possible that in this way, governments that impose limits on users believe that no citizen will be able to carry out money laundering and similar things towards Russia. Personally I think it's silly, since there are many ways to do it. I do not think it is a very effective measure, since these limitations can be avoided in several ways or even something simpler, using other exchanges that do not impose these limitations. At the end of the day, it is always the citizens, the most vulnerable, who pay the consequences of damned wars.

[bitterguy28]

 

We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .

Binance limiting is better than totally closing their doors to Russian users.

agreed, limiting is better than closing or ban russian user.
Although, some times I just think ,it seems not fair.
The war is the government policy, not civil
Why the civil affected.
Maybe US or binance  consider suspicious transaction, not about user but about their transaction type.
The war  always have bad effects for the civil.
Unfortunately, it's not been ended soon.

War gives nothing but disaster , this why I also think that who ever started each must be sanctioned and be penalized , I am not saying its russia or ukraine but whim  really started and what is the reason because this is not about this banning or blocking but the dying , family are suffering and innocent people are the most affected in this, Ending will be the best gift each from those region might receive all their life.

[yohananaomi]

We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .

Binance limiting is better than totally closing their doors to Russian users.

There will always be political content in it if it concerns bilateral interests, but it cannot be avoided, and it is only natural; usually, the strong will always pressure or intervene for certain purposes.I agree with you, friend. If the restrictions are only imposed as a warning, it's understandable, but if you close the door, of course there will be disadvantages, and it's not fair.Hopefully, there will be a way out for the common good.

[dwyane36]

There will always be political content in it if it concerns bilateral interests, but it cannot be avoided, and it is only natural; usually, the strong will always pressure or intervene for certain purposes.I agree with you, friend. If the restrictions are only imposed as a warning, it's understandable, but if you close the door, of course there will be disadvantages, and it's not fair.Hopefully, there will be a way out for the common good.

That Binance's decision to gradually close the door for Russian users does seem unfair. But at the same time, it is not so critical as many Russian users have just moved to other popular and more loyal exchanges such as Bybit, MEXC, OKX, and HTX. So it turns out that Binance has harmed itself by giving some of its audience to competitors.

[Freemind]

That Binance's decision to gradually close the door for Russian users does seem unfair. But at the same time, it is not so critical as many Russian users have just moved to other popular and more loyal exchanges such as Bybit, MEXC, OKX, and HTX. So it turns out that Binance has harmed itself by giving some of its audience to competitors.

Binance has acted in this way purely due to political decisions, maybe not made by the company, but due to pressure from one or more governments. These decisions only negatively affect the company, since users have many alternatives to choose from. I think Binance should not act this way, Russian citizens are not guilty of what is happening, there is no need to "punish" them. If Binance closed access to citizens of all countries that have declared war (at any time in history), the company would cease to exist.

[dwyane36]

Binance has acted in this way purely due to political decisions, maybe not made by the company, but due to pressure from one or more governments. These decisions only negatively affect the company, since users have many alternatives to choose from. I think Binance should not act this way, Russian citizens are not guilty of what is happening, there is no need to "punish" them. If Binance closed access to citizens of all countries that have declared war (at any time in history), the company would cease to exist.

Of course, this is primarily due to political decisions. It is worth noting that when CZ was CEO, Binance didn't always enforce sanctions against Russian users, but only formally and partially. I guess they did so because they wanted to look like an obedient exchange in the eyes of the regulator, and at the same time, they didn't want to lose part of the audience. It was to be expected that as soon as CZ had problems and was forced to leave the post of CEO, Binance began to make such decisions because now Binance is an exchange that is under the scrutiny of regulators.

[vegasus]

We have expected this to happen or else Binance will face a hard respond from biggest governments in the world as we also knew how and what is the treatment of US and Europe in this country so better to be with the laws or face problems .

Binance limiting is better than totally closing their doors to Russian users.

Yes, at least this is much better than having to have even worse problems. Binance has had enough trouble with the SEC, and they definitely want to get away from similar problems quickly. Binance actually started this restriction a long time ago, but it continues to develop in several restrictions. In mid-2023, Binance also restricted fiat currency to a restriction on the use of Ruble. So, this does make Binance's restrictions on services in Russia quite narrow again. Yes, but once again, it would be better if it was like this, which can still be done, but there are several restrictions that must be understood and carried out.
https://cointelegraph.com/news/binance-fiat-restrictions-for-russian-users