Crypto exchange network is helping Russia skirt sanctions: Elliptic
Elliptic says that despite increased regulatory pressure, a handful of crypto exchanges continue to serve sanctioned Russian entities.
Last updated: 2026-02-23 05:50:20 ET
Pulse AI Brief
Updated Feb 23, 2026 4:00 AM ET
Binance announced a 97% reduction in its exposure to sanctioned entities since 2024, following scrutiny over its compliance practices. The crypto exchange is emphasizing its commitment to regulatory standards.
This development may bolster investor confidence in Binance, potentially stabilizing its market position amid ongoing regulatory challenges.
The announcement underscores the increasing regulatory pressures on crypto exchanges and the industry's shift towards compliance.
Elliptic says that despite increased regulatory pressure, a handful of crypto exchanges continue to serve sanctioned Russian entities.
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