Binance emphasized that it continues to adhere to global regulations and fully complies with restrictions on individuals, organizations, and countries subject to international sanctions, but made an exception for some clients from the Russian Federation.
“We continue to serve a limited number of Russian users to ensure the security of their digital assets,” the exchange representative said.
According to him, the platform strives to create industry-leading international sanctions compliance programs and effectively collaborates with law enforcement agencies around the world.
The crypto exchange’s further plans for Russian clients will be announced additionally, Binance noted.
Binance previously outlined two conditions under which the platform would consider registering with the ARIP program, which was created by the Nigerian Securities and Exchange Commission (SEC) to attract virtual asset service providers (VASPs).
Source: Bits
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