A significant number of Russian users have already received notifications instructing them to migrate their accounts to CommEX exchange or any other suitable crypto platform. The good news is that there are no restrictions in terms of fund withdrawals.
Binance’s official communication warns users that from October 5th, 2023 onwards, positions held by clients located temporarily or permanently in the Russian Federation will be forcefully liquidated. RBC-Crypto has received official confirmation from Binance’s support team, validating the authenticity of these notifications. However, Bits.media is yet to receive a response from the Binance management.
Recently, a screenshot of a user’s conversation with Binance’s technical support surfaced on the “What about the scams?” Telegram channel. If we are to believe this exchange, it seems not all Russian users are being asked to withdraw their funds.
In September, Binance alerted its clients about the firm’s complete exit from the Russian market, as well as the sale of their business to CommEX, their partner cryptocurrency platform. This meant that Binance P2P exchange service would cease supporting Russian Ruble (RUB) trading pairs, including USDT/RUB, BTC/RUB, FDUSD/RUB, BNB/RUB, ETH/RUB, BUSD/RUB, and RUB/RUB, effective from January 31st, 2024, at 00:00 (UTC). Users were then advised to convert their Ruble assets into available alternatives or withdraw their funds to fiat through designated partners.