|
|
Golden Finance reports that in light of recent developments, many cryptocurrency enthusiasts from Russia and Ukraine are seeking refuge for their digital assets in Hong Kong.
Merton Lam, the founder of CryptoHK, revealed that cryptocurrencies have become a significant part of the investment portfolios for high-net-worth individuals in the region. Binance's exit from Russia was primarily due to pressure from US regulatory authorities, as the exchange faced allegations of money laundering and sanctions evasion. Additionally, Binance imposed several restrictions on Russian users, including limiting wallet holdings and currency purchases on their P2P platform.
Sergei Mendeleev, CEO of InDeFi Smart Bank, clarified that Binance is not exiting the market. Instead, they are rebranding to enhance their operational efficiency in Russia. There are no official documents or mentions on the company's website regarding Russian ownership of the CommEX project. |
|
Post time 12-10-2023 06:56:51