Binance has delisted five sanctioned Russian banks from its peer-to-peer service. The move aims to block users from transferring rubles to each other by using these banks.
On August 22, The Wall Street Journal (WSJ) reported that Binance could be in legal trouble for facilitating users to transfer funds from sanctioned Russian banks through its P2P service. In May, Bloomberg reported that the Department of Justice is already probing finance for Russian sanctions violations.
“When gaps are pointed out to us, we seek to address and remediate them as soon as possible. In line with our ongoing commitments, payment methods on the Binance P2P platform that do not fit with our compliance policies are not available on our platform,” CoinDesk quoted a Binance spokesperson in its report.
Meanwhile, a research conducted by Bankinform revealed that although many Russians are interested in news related to the potential launch of the digital ruble, at least 32% of them are not in its favor as they view such financial products as scams.
Russia has been working on its CBDC and is expected to launch a pilot version in August. The study suggested that at least 13% of the respondents closely follow the developments on the upcoming CBDC.
