Binance Bans P2P Transactions in Dollars and Euros for Russian Citizens

In connection with the new package of sanctions towards Russia, the Binance exchange introduced new restrictions for Russian users. P2P trading in USD and EUR is no longer possible on the platform. The ban applies to both citizens of the Russian Federation and those who are currently in the country.

Meanwhile, EU residents are also unable to access ruble services on Binance.

At the moment, the exchange offers customers to use other fiat currencies to use P2P services.

Earlier, Binance suspended work with hryvnia cards, citing the fight against increased gambling.