Crypto Exchange Binance Says It Is Taking Steps Against Sanction Targets



The world’s largest cryptocurrency exchange Binance said it is working to take action against those who have been sanctioned by Western countries following Russia’s invasion of Ukraine.
“We have assembled a dedicated global compliance task force, including world-renowned sanctions experts, and are taking the steps necessary to ensure we take action against those that have had sanctions levied against them, while minimizing impact to innocent users,” a Binance spokesman said.
The company added that it will comply with any further sanctions imposed by the international community.
Washington is considering targeting Russia’s access to cryptocurrencies as an area for further sanctions, though analysts say crypto’s decentralized nature would make it difficult to completely cut off digital assets.



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