Binance CEO, Changpeng Zhao

Binance CEO Is Opposed to Banning All Russian Users

Changpeng Zhao has said that Binance, the company of which he is CEO, will comply with regulations targeting various Russian businessmen. Zhao, however, says that the company will not extend restrictions to all Russian users. Zhao claims that it would be something “unethical for us to do.” The CEO of the crypto exchange says that such measures should not be taken unilaterally. In other words, Zhan has confirmed there will be no full-scale Russian ban from Binance. Various Russian businessmen, dubbed oligarchs, are targetted with sanctions. These come in an attempt to stop Russia’s invasion of neighboring Ukraine. The military...