Binance has begun new negotiations on the sale of business in Russia – Kommersant
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Crypto exchange Binance is conducting new negotiations with several large platforms about the sale of business in Russia. Previously, the CommEX exchange, to which Binance’s assets were to be transferred, announced its closure on May 10.
“Our decision to exit the Russian market remains unchanged and we are currently in discussions with several service providers regarding the sale of our Russian business. We plan to permanently wind down all exchange services and business operations of Binance in Russia, making every effort to ensure a smooth user experience during this transition,” Binance said in a statement (quoted by Forbes).
Binance also announced that CommEX will not be able to fulfill its obligations under the transaction concluded in September 2023. Then, due to the risks of sanctions, Binance sold its entire Russian business without the possibility of repurchase to CommEX.
CommEX announced about the gradual cessation of work on March 25. From this day on, the exchange will stop accepting deposits in fiat and cryptocurrencies. The spot market will stop working on April 23, the official website will stop working on May 10.
About the situation on the cryptocurrency market – in the material “Bitcoin is in a fever”.
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