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Cryptocurrency Firm Binance Pulls Out Of Russia
Expanding global operations beyond Russia, Binance announced Wednesday that it is selling it’s Russia business. Citing growing regulations and strict compliance requirements, the cryptocurrency firm expressed its commitment to the highest level of compliance standards. Following confirmation of US authorities probing claims in May that Binance was affiliated with sanctions violations between the USA and Russia, Chief Compliance Officer Noah Perlman addressed ?Wether future operations & regulatory requirements were compatible with IBTimes’ was a focus in making this decision.
CommEX — the newly acquired entity — announced in a message posted to X (formerly hardwired media) that it greeted new users from Russia and around the world. Background research reveals CommEX launched Tuesday of this month, with functional websites and ties to Telegram messaging, reinforcing the solidifying partnership and strengthening its presence internationally.
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