In October, cryptocurrency exchange Binance, which ranks first in terms of trading, warned its Iranian users about the need to withdraw all assets from the site in connection with the sanctions. Now, the exchange ceases to serve the residents of the Republic of Belarus.
Appropriate letters of notification of the Belarusian customers of the exchange received yesterday, November 28. Date of termination of service is not specified, however, as specific reasons.
“In connection with the latest updates of the terms of use, we regret to inform you that you will never be able to provide you with our services in the future. If you have not read our terms of use, we highly recommend you to do it,” the official statement of the exchange.
In particular, under the agreement with customers, the exchange itself may, at its sole discretion to change them. For example, you may stop or restrict the provision of services to citizens of certain countries. The agreement also includes a condition that the user platform does not have to be the sanctions list, for example, in the lists of the UN Security Council or of the office for foreign assets control.
Sanctions against Belarus were introduced in 2004 and strengthened in 2011. However, starting in 2016, the sanctions were partially relaxed several times, but completely and nebyli removed. Logically, the next country whose citizens close access to the stock exchange, will be Russia, which is also subject to international sanctions.
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