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<ul class="news-points"> 
 <li>Wall Street Journal accuses Binance of helping Russian users move money.</li> 
 <li>Binance spokesperson denied allegations and stated the exchange maintains no relations with Russian banks.</li> 
 <li>BNB dropped to $204, the lowest in a year after the news was published.</li> 
</ul> 
The Wall Street Journal (WSJ) claimed that the leading crypto exchange Binance is helping Russians “move money.” According to the report, Binance still handles transactions for a minimum of five Russian financial institutions that have been sanctioned by Western countries. Binance was already in the limelight since July due to accusations of supporting <a href="https://coinedition.com/binances-payment-processor-linked-to-russian-money-laundering-operation/" rel="noopener noreferrer nofollow">money laundering in Russia</a>. 
Back in February, the exchange announced that it was banning peer-to-peer transactions involving U.S. dollars and euros for Russian traders in compliance with the 10th round of EU sanctions on Russia. However, WSJ argued that Russian users continue to engage in peer-to-peer trading on Binance via five Russian financial institutions, including Tinkoff Bank and Rosbank, for completing payment transactions. 
Moreover, volunteers associated with Binance, known as Binance Angels, have been communicating on Telegram, informing users tha… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/bnb-falls-14-after-binance-helps-russians-move-money/">BNB Falls 14% After Binance Helps Russians ‘Move Money’</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

BNB Falls 14% After Binance Helps Russians ‘Move Money’

Coin Edition

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