The latest company to leave Moscow since Russia started its conflict with Ukraine is the cryptocurrency exchange Binance, which announced on Wednesday that it will sell its operations in Russia to the recently created exchange CommEX.
The largest cryptocurrency exchange in the world, Binance, withheld the deal's financial information. According to the corporation, neither a revenue split from the sale nor a right to repurchase company stock will continue.
Chief Compliance Officer Noah Perlman made the statement without mentioning the conflict in Ukraine, which Russia refers to as a "special military operation," but said, "As we move toward the future, we acknowledge that operating in Russia is not compatible with Binance's compliance strategy.
Additionally, Binance stated that all of its current Russian users' assets were
The latest company to leave Moscow since Russia started its conflict with Ukraine is the cryptocurrency exchange Binance, which announced on Wednesday that it will sell its operations in Russia to the recently created exchange CommEX.
The largest cryptocurrency exchange in the world, Binance, withheld the deal's financial information. According to the corporation, neither a revenue split from the sale nor a right to repurchase company stock will continue.
Chief Compliance Officer Noah Perlman made the statement without mentioning the conflict in Ukraine, which Russia refers to as a "special military operation," but said, "As we move toward the future, we acknowledge that operating in Russia is not compatible with Binance's compliance strategy.
Additionally, Binance stated that all of its current Russian users' assets were
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