Thursday, February 9, 2023
Coin Wist
  • News
    • Bitcoin
    • Ethereum
    • ALT Coins
    • Business
    • DeFi
  • Market
    • Prediction
  • NFT
  • Metaverse
  • Learn
    • Beginner
    • Project
    • What Is?
  • Social Proof
    • Twitter
    • Reddit
    • Other
  • About Us
No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • ALT Coins
    • Business
    • DeFi
  • Market
    • Prediction
  • NFT
  • Metaverse
  • Learn
    • Beginner
    • Project
    • What Is?
  • Social Proof
    • Twitter
    • Reddit
    • Other
  • About Us
No Result
View All Result
Coin Wist
No Result
View All Result
Home News

Binance suspends Rubel and Russians despite ignoring to ban Russian user accounts

CoinWist by CoinWist
March 5, 2022
in News, Bitcoin, Business, Other, Social Proof, Twitter
Reading Time: 3 mins read
Rubel

Cover: CoinWist Team

195
SHARES
1.5k
VIEWS

Related articles

Super Bowl vs Crypto

Super Bowl Advertisements No Longer Allow Crypto Ads After FTX Incident

February 8, 2023
ChatGPT

Bing Search Engine now features ChatGPT integration from Microsoft

February 8, 2023

Russian bank users reported they are not able to buy cryptocurrencies and deposit fiat currencies.

Russian users had received warning messages the service is not recently available. However, Binance told they are not looking forward to banning Russian users.

Why Rubel Ban?

Recently customers from Russian banks were affected by the sanctions as they reported they are unable to buy cryptocurrency or to deposit fiat currency on Binance.

This surged after US tight its sanctions against Russia. Many Russian banks were imposed with tight new sanctions. Especially the SWIFT service is also banned in Russia.

As the reports say 7 Russian banks are removed from the SWIFT service. With all these messing Russian users who are trying to buy digital assets or deposit fiat currencies on the world’s largest cryptocurrency exchange, Binance claimed that they have received warning messages, informing them that Russian local banks are recently not supported.

Especially people who have used Russian fiat currency Rubel has faced this warning message. The message says,

“Please be informed, We currently do not support the bank cards issued in your country.” furthermore Binance had stated in the message they are “working on making this a possibility as soon as we can.”

However, the official sites and channels of Binance Russia especially its Telegram and Twitter account have not posted anything regarding this warning message.

Some Russian users have complained about this matter to Binance via Telegram and the administrators have stated that “Binance is operating normally”. Some users who are managed to contact the Binance Official page said Binance explained to them that “It must be an error, we are looking forward on this matter”.

Deep into this matter at the moment government heads from western countries have asked many cryptocurrency exchanges to ban Russian users. Especially last week Ukraine government officials such as Ukraine’s Vice prime minister asked all the cryptocurrency exchanges to ban Russian users.  

I'm asking all major crypto exchanges to block addresses of Russian users.

It's crucial to freeze not only the addresses linked to Russian and Belarusian politicians, but also to sabotage ordinary users.

— Mykhailo Fedorov (@FedorovMykhailo) February 27, 2022

However, Changpeng Zhao Binance founder and Chief Executive Officer had an interview with Bloomberg Television on Wednesday and he stated that ” We won’t place a blanket ban on Russians trading on its platform.

It is not our decision to ban or freeze user accounts. Many Russians do not support this war. So we Binance think we should see this matter separate from the politicians and normal people”

#Binance CEO Changpeng Zhao speaks out regarding the current misconceptions of the company's approach to sanctioning users in Russia. @cz_binance: "Binance follows international sanction rules strictly."

Read CZ's detailed thoughts below ⤵️https://t.co/420i9ZRSjD

— Binance (@binance) March 4, 2022

Furthermore, he added we will follow international laws and sanction rules. We do not make sanction rules we only follow the rules and do what the recommendations are. Some information has confirmed that Binance is restricting cards issued by Sberbank.

Tags: BinanceCryptocurrencyMarket StoriesRussian
Share78Tweet49
Previous Post

Scams appear to help Ukraine with Donations to raise meanwhile, Ukraine cancels Crypto Airdrop

Next Post

Ukraine uses 69% of donated Cryptocurrency for Military supply

Related Posts

Super Bowl vs Crypto
Other

Super Bowl Advertisements No Longer Allow Crypto Ads After FTX Incident

by CoinWist
February 8, 2023
0

The New York Post at first said that crypto advertisements are banned from acting as Super Bowl classified ads following...

Read more
ChatGPT
Business

Bing Search Engine now features ChatGPT integration from Microsoft

by CoinWist
February 8, 2023
0

Microsoft is set to combine ChatGPT into its Bing search engine, utilizing the viral chatbot to expectantly compete with Google’s...

Read more
FTX
Business

FTX Accrues Debt to Major Companies Including Apple, Binance, and Netflix

by CoinWist
January 27, 2023
0

New court docket filings have proven that bankrupt crypto exchange, FTX, owes money to Apple, Binance, Coinbase, Netflix, and more....

Read more
OpenAi
Business

ChatGPT creator, OpenAI, secures massive investment from Microsoft

by CoinWist
January 24, 2023
1

OpenAI and Microsoft have delivered an extension of their partnership in accordance with a posted statement. The syntheticbrainlookup lab and the tech massive have orchestrated a...

Read more
AI Crypto
Project

Uncovering the Top AI Crypto Projects of 2023

by CoinWist
January 24, 2023
0

The world of cryptocurrency continues to evolve and one of the most exciting aspects of the modern era is the...

Read more
Load More
  • Trending
  • Comments
  • Latest
MicroStrategy

MicroStrategy is being investigated by U.S SEC for unlawful accounting practices regarding their Bitcoin investments.

January 22, 2022
Elon musk

Twitter Accepts Elon Musk’s Offer, As Now Elon Musk Is All Set To Be The Sole Owner Of Twitter

April 26, 2022
Instagram influencer Irene Zhao launches DAO to construct Web3 social media

Instagram influencer Irene Zhao launches DAO to construct Web3 social media

January 16, 2022
Activision Blizzard

Microsoft takes its biggest decision in there Merchant History, Microsoft seeking to a Metaverse Strategy

January 21, 2022
Blockchain Technology Image

What Is Blockchain Technology? How Does It Work

4
Bitcoin Image

What Is Bitcoin And How Does It Work?

3
Ripple ( XRP) Explained Image

What is Ripple (XRP) How Does It Work

3
Terra

Terra just stopped with its Blockchain LUNA, UST Crumble. What does that mean?

2
Super Bowl vs Crypto

Super Bowl Advertisements No Longer Allow Crypto Ads After FTX Incident

February 8, 2023
ChatGPT

Bing Search Engine now features ChatGPT integration from Microsoft

February 8, 2023
FTX

FTX Accrues Debt to Major Companies Including Apple, Binance, and Netflix

January 27, 2023
OpenAi

ChatGPT creator, OpenAI, secures massive investment from Microsoft

January 24, 2023

RSS Latest Topics

  • Super Bowl Advertisements No Longer Allow Crypto Ads After FTX Incident February 7, 2023
  • Bing Search Engine now features ChatGPT integration from Microsoft February 7, 2023
  • FTX Accrues Debt to Major Companies Including Apple, Binance, and Netflix January 26, 2023
  • ChatGPT creator, OpenAI, secures massive investment from Microsoft January 23, 2023
  • Uncovering the Top AI Crypto Projects of 2023 January 23, 2023
  • Ripple CEO expects an Answer in SEC Case by First Half of 2023″ by Roger Wattam October 12, 2022
  • Judge Orders SEC to Turn Over Hinman Documents in Ripple Case September 30, 2022
  • Binance Launches Global Law Enforcement Training Program Amidst Rising Crypto-Mining Malware Threat September 28, 2022
  • California Regulator Targets 11 Crypto Firms as Ponzi Schemes September 28, 2022
  • Walmart Dives Into Virtual Reality With Roblox September 26, 2022

  • About Us
  • Terms & Condition
  • Cookies Policy
  • Contact Us
  • Privacy Policy

Disclaimer: Coinwist's content is meant to be informational in nature and should not be interpreted as investment advice. Trading, buying, or selling cryptocurrencies should be considered a high-risk investment, and every reader is advised to do their own research before making any decisions

© 2022 CoinWist. All rights reserved.

No Result
View All Result
  • News
    • Bitcoin
    • Ethereum
    • ALT Coins
    • Business
    • DeFi
  • Market
    • Prediction
  • Metaverse
  • Learn
    • Beginner
    • Project
    • What Is?
  • NFT
  • Social Proof
    • Reddit
    • Twitter
    • Other

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information.
Cookie SettingsAccept
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT