Binance would allow Russian clients to withdraw assets if it leaves Russia

Russian users of the Bitcoin exchange Binance will be able to withdraw funds if the company leaves the country. The information is reported by the Telegram channel Nakamotonado, citing the support service.

The support team added that, at present, the option of winding down the business in Russia is not on the table.

As a reminder, in late August Binance removed from its P2P platforms banks under U.S. sanctions — Sberbank, Tinkoff and Alfa-Bank.

The exchange also prohibited Russians from performing any fiat-currency exchanges other than the ruble.

One ForkLog expert interviewed proposed considering blocking the exchanges that impose restrictions in Russia.

In this context, Binance representatives said that they are studying, among other things, the possibility of a full withdrawal from the jurisdiction. However, experts described such a scenario ‘unlikely’.