Binance to restrict transaction processing with multiple crypto platforms
Binance has announced to all of its users on Friday that it will stop processing transactions with 16 crypto platforms, including major exchange HTX and EXMO, set to be done in a gradual manner till the end of August, and tied to recent sanctions against Russian and Iranian networks.
The world’s largest crypto exchange published the announcement today, which was addressed to its entire user base and not to just accounts in any particular country or geographical region. Binance said it would no longer handle direct or indirect transactions involving the named service providers, and pointed to “recent regulatory developments” as the reason for this step.
Three dates spread across August
Shelbit, registered as Shelbit General Trading LLC, and Aban Tether Exchange faced the initial cutoffs, effective August 7. A7 Nigeria, A7 Africa, and PilotFinance Ltd were officially cut off on August 13.
The largest group is set to take effect on August 23. This cutoff will involve Rapira, Aifory Pro (Sooty Ltd), ABCeX (Nueva Cryptologia S.A.S DE C.V.), WhiteBird, NoOnecrypto INC., Tradex (Brightum LLC), Monease Ltd, BitPapa, Exnode and Exnode Pay (Arvix), HTX (Huobi Global SA), and EXMO Ltd, according to the exchange’s published notice.
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