Cryptocurrency exchange Binance may be considering withdrawing its services from Russia due to sanctions from countries including the United States. A Binance spokesperson said the exchange was considering all options, including a full exit. Binance has already removed certain sanctioned Russian financial institutions from available payment options on its P2P platform and added fiat currency restrictions for Russia-based users.

Binance, which operates globally without a brick-and-mortar headquarters, has received pushback from authorities in regards to its activities in Russia. In the United States, Binance, Binance.US, and Binance CEO Changpeng Zhao face a lawsuit filed in June by the Securities and Exchange Commission. The Justice Department is also reportedly investigating the global exchange for potential violations of U.S. sanctions.

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Information	Details
Geography	Europe
Countries	🇺🇸 🇺🇦
Sentiment	negative
Relevance Score	9
People	Justice Department, The Wall Street Journal, Securities and Exchange Commission, Changpeng Zhao
Companies	The Wall Street Journal, Russian financial institutions, Securities and Exchange Commission, Binance, Justice Department
Currencies	None
Securities