Binance fully exits Russia with sale to CommEX

From prnewswire.com

Binance has entered into an agreement to sell the entirety of its Russia business to CommEX. To ensure a smooth process for existing Russian users, the off-boarding process will take up to one year. All assets of existing Russian users are safe and securely protected. "As we look toward the future, we recognise that operating in Russia is not compatible with Binance's compliance strategy," said Noah Perlman, Binance's Chief Compliance Officer. "We remain confident in the long-term growth of the web3 industry around the world and will focus our energy on the 100+ other countries in which we operate." There ... (full story)