The world's largest cryptocurrency exchange "Binance" said it has deactivated the accounts of its main customers in Russia and reduced its services in the country in line with western sanctions.
Binance told users that Russians and residents, as well as Russian-based companies, with digital currencies worth more than €10,000 ($10,900), will be banned from making new deposits or trading, and will only be able to withdraw their funds.
Binance added that accounts for Russia-linked users that have completed address checks and hold crypto worth less than 10,000 euros would remain active, according to Reuters.
"Binance said in March that it would not unilaterally freeze millions of innocent user accounts but, would ensure compliance with the sanctions."
Last month, it said that cardholders of sanctioned Russian banks would not be able to use the cards on their platform and confirmed that inpiduals in the same category had their access restricted.
Meantime, Bitcoin dropped 0.24% to $40,386.
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