EXMO London Crypto -Ride Sold the Russian part of the business – Bits Media

Exmo cryptocurrency exchange business in Russia, Belarusian and Kazakhstan will go to the company "Exmo RBC LLP". The buyer has already announced the launch of a new local site.

London company sold its Russian -speaking business to the Kazakhstani program developer provision. Exmo exchange reports, that this is a forced solution. The company leaves the Russian beneficiary Edward Bark, transmitting his share to the general director of Exmo Sergey Zhdanov.

"Unfortunately, We can no longer hold the high -risk part of the business, Since the EXMO group does not want to threaten global expansion plans, Preserving such dangerous markets in their structure. We will consider the possibility of returning, when Russia ceases to be classified as a country with a high level of risk ", - explained EXMO General Director Sergei Zhdanov.

The general director noted, that an unnamed buyer owns a Russian software development company, and by the Kazakhstani legal entity for the exchange of cryptocurrencies. Therefore, the transaction includes the client accounts EXMO in Russia and Belarus, as well as EXMO business in Kazakhstan, where the team of the new owner is based. According to Zhdanov, The technical code of the platform is not sold and fully belongs to the EXMO group.

In connection with the sale of business and the departure of the London EXMO from the local cryptocurrency market, the exchange made amendments to the user agreement, indicating, that the inhabitants of Russia, Belarus and Kazakhstan will no longer be able to connect to the head platform. The exchange turned off trading couples with a Russian ruble yet 15 april.

According to the publication "RBC-Crypto", Russian, The Belarusian and Kazakh part of the business of the London cryptocurrency exchange EXMO were sold to Kazakhstan "Eksmo RBC LLP" (EXMO RBK Ltd) more 31 Martha 2022 of the year. Company s 2018 years have provided development services for EXMO.

The exchange was emphasized, that nothing will change for customers and “Eksmo RBC LLP” has every right to use the brand, software and technical developments, as well as the official domain of Exmo exchange. According to the unnamed representative of Eksmo RBC LLP, The exchange announced the launch of a separate site for users from Russia, Belarusian and Kazakhstan. Moreover, In the near future, the EXMO site will be launched by stakeing function, The site also plans to release its own stablecoin.

CEO of the largest cryptocurrency exchange Binance Chanpen Zhao (Changpeng Zhao) recently talked about, How the company changes its work taking into account sanctions. The head of Binance emphasized, that the exchange takes into account sanctions requirements, but, nevertheless, is not going to block all users from Russia or freeze their assets. There is a probability of that, that Binance can register a legal entity in Russia and will become one of the operators of the local cryptocurrency market.