Cryptocurrency exchange Binance has announced the suspension of Russian ruble (RUB) deposits starting from November 15, 2023.
This decision by the company comes following its recent announcement regarding the sale of its entire Russian business to CommEX.
Binance to Cease Russian Ruble Deposits
In a November 10 announcement, Binance said it would be stopping Russian RUB deposits as of 00:00 on November 15, 2023 (UTC), marking a crucial step in its decision to exit the Russian market. The withdrawal of Russian Rubles will, however, remain accessible until January 31, 2024 (UTC), providing users a window for fund retrieval.
As part of this transition, Binance is offering users holding fiat balances in Russian rubles a fee-free option to transfer their funds to the CommEX platform. This process involves registering for a CommEX account, logging in, and seamlessly connecting it to their corresponding Binance account. Once linked, users can initiate the transfer of their Russian rubles from
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