Binance has reportedly started informing Russian users of the lifting of part of the penalties involved in April 2022, related to deposit and withdrawal policies.
In April 2022, two months after the start of the Russo-Ukrainian War, Binance imposed Restrictions for citizens of the Russian Federation after the fifth package of restrictions for the European Union.
Binance was required to limit services to Russian citizens and legal entities established in Russia with crypto assets worth more than €10,000. Those with crypto account balances that exceeded the amount were given 90 days to close out their positions
However, on April 18, the Russian finance outlet RBC open Binance users in Russia are no longer subject to this limitation. The media confirmed the information with the technical support of the stock exchange in the region.
Crypto-focused channel on Telegram, DeCenter, and to publish Screenshot of an alleged support conversation with a Russian speaking user. The alleged Binance support team member writes in their post:
Binance has removed the €10,000 Limit for Russian users Balance.
Screenshot of an alleged support chat with Binance by DeCenter
Crypto.news requested comments from Binance. At the time of this writing, there was no official confirmation of this news.