Binance, the world’s largest cryptocurrency exchange, held its first Community Meetup in Yerevan, Armenia. The event comes amid reports that the crypto giant is considering an exit from Russia due to regulatory pressures from the United States and Europe. Vladimir Smerkis, the General Manager and regional director of Binance in Russia and the CIS countries, attended the meetup and expressed interest in strengthening the company’s foothold in the country.Binance has faced compliance issues in the United States and other countries, and has come under pressure from the West to disassociate itself from any illicit transactions on behalf of Russian individuals. The exchange has recently removed sanctioned Russian banks from its peer-to-peer (P2P) service, and has taken action against influential Russians by freezing their accounts. Binance has also restricted its peer-to-peer trading services for Russians, permitting trading only in rubles.It is unclear if Binance will establish a strong presence in Armenia, but the company is currently considering a “full exit” from Russia.

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Information	Details
Geography	Europe
Countries	🇦🇲 🇺🇸
Sentiment	neutral
Relevance Score	8
People	Elizaveta Peskova, Polina Kovaleva, Dmitry Peskov, Vladimir Smerkis, Sergei Lavrov
Companies	WSJ, Binance, B24.am, Tinkoff, Rosbank
Currencies	Ethereum, Russian Ruble, Binance Coin, Bitcoin, Harmony
Securities	None