“We’re blocking accounts of those on the sanctions list (if they have Binance accounts) and ensuring that all sanctions are met in full,” a spokesperson for the company said on Monday, declining to give further details.
The United States, Britain, Europe and Canada announced new sanctions on Russia on Saturday, including blocking certain lenders’ access to the SWIFT international payment system, following Russia’s invasion of Ukraine.
A separate Binance representative told Reuters: “We are not going to unilaterally freeze millions of innocent users’ accounts. Crypto was meant to provide greater financial freedom for people across the globe.”