World’s top crypto exchange leaves Russia ...News

Russia Today - Economy
World’s top crypto exchange leaves Russia
source : Russia Today ( News ) () 14
Binance will sell its business in the sanctioned country, according to a press statement Cryptocurrency exchange Binance announced on Wednesday that it will sell its Russia business to newly-launched exchange CommEX to comply with US sanctions on the country. The world’s largest crypto exchange did not disclose financial details of the deal but noted it will have no ongoing revenue split from the sale, nor will it maintain an option to buy back shares in the business. In August, the company said it was cutting ties with sanctioned Russian banks. “As we look toward the future, we recognize that operating in Russia

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