BitRiver: The ban on Binance will affect the funds that bring abroad - Bits Media

Restrictions, which the largest cryptocurrency exchange of Binance has introduced for its users, touched first of all Russians, who withdraw their funds abroad, said Bitriver financial analyst Vladislav Antonov

The exchange forbade its clients from Russia Operations with any currency, except for the ruble, through the P2P service. Binance users from the Russian Federation, which are outside the country, “They can continue to trade through the P2P service with all fiat currencies, except RUB, EUR, USD и UAH».

“Earlier through P2P on Binance, you could buy cryptocurrency for rubles, convert it into dollars or euros, and then display on foreign cards and accounts, Including suction banks. Now such a scheme will not work ", - complains Antonov.

Now the withdrawal options will be preserved only for users from Russia, which were verified abroad, Added by the analyst.

“As for Russian users, living outside the country, which is confirmed by a new address, They can continue to trade all other paper currencies, except for the ruble, euro, US dollar and hryvnia… Binance significantly narrowed the capabilities of Russians to exchange cryptocurrencies for fiat money ", - concluded Antonov.

BYBIT cryptocurrency platform, following Binance, also began to try to hide work with suction Russian banks. This was noticed by the users of the platform. In the service you can notice a "green card"(Sber), "Yellow card"(Tinkoff) and "red map"(Alfa-Bank). Exactly the same strategy for replacing cards was previously used by the main competitor.