Russian crypto exchange Beribit freezes withdrawals, offers chocolate instead
Beribit staff reportedly offered chocolate to around 50 people who were demanding the return of over 400 million rubles ($4.2 million).
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Beribit staff reportedly offered chocolate to around 50 people who were demanding the return of over 400 million rubles ($4.2 million).
Read more (2 min) →Despite calling the measures "unethical," Binance chief Changpeng Zhao says the company "must continue to lead the industry in implementing these sanctions.”
A new EU proposal, put forward last week, would target Russian nationals with more than €10,000 in their accounts -- but unhosted wallets are exempt from sanctions.
Russia's central bank is reversing its stance on crypto to avoid sanctions. But top analytics firms Chainalysis and Elliptic aren't worried.
Binance is blocking crypto traders on sanctions lists but won’t widely ban Russian users, as it would supposedly go against crypto's values.