From bakeries to beauty shops, Russian businesses are feeling the pain
As Moscow’s full-scale invasion of Ukraine marks four years, the pressure on Russia’s economy is starting to show
Last updated: 2026-02-23 07:56:48 ET
Pulse AI Brief
Updated Feb 23, 2026 6:00 AM ET
Binance has announced a 97% reduction in its exposure to sanctioned entities since 2024, emphasizing its compliance efforts. This follows allegations that some crypto exchanges are aiding sanctioned Russian entities in evading restrictions.
The news may bolster Binance's reputation among regulators and investors, potentially stabilizing its market position amid increasing scrutiny of the crypto sector's role in sanctions evasion.
This development underscores the growing pressure on crypto exchanges to enhance transparency and regulatory compliance, particularly in geopolitical contexts involving sanctions.
As Moscow’s full-scale invasion of Ukraine marks four years, the pressure on Russia’s economy is starting to show
Binance doubled down on its compliance credentials in a blog post after a report published earlier this month accused it of sanction violations.
Elliptic says that despite increased regulatory pressure, a handful of crypto exchanges continue to serve sanctioned Russian entities.
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