By Eliza Popova
The report states that all customers' assets from Russia will be properly protected. "Looking into the future, we acknowledge that working in Russia is incompatible with the Binance strategy," says Noah Perlman, director of compliance with the regulatory requirements. He also noted that the company is convinced of the long-term growth of the Web3 industry around the world.
Currently, according to Noah Perlman, the cryptocurrency wants to focus on its development in more than 100 other countries where they are actively working. In addition, Binance and Commex will be cooperated to inform users on how to transfer their assets to another platform. For the next few months, the cryptocurrency intends to complete its activities on all exchange services and business seizures in Russia.
"Although the financial details of the agreement are not disclosed, it is important to note that with this sale Binance is completely coming from Russia," the press service said. The company noted that unlike other international companies concluding similar agreements in Russia, Binance will have no current receipt of sale and will not be able to buy a share in business.
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