Binance, one of the most popular cryptocurrency exchanges, announced new restrictions: Binance restricts access to its services to users living in Russia with a total assets of more than 10 thousand euros.

Users who meet these criteria will now only be able to make withdrawals. This information was published in Binance technical support chat.

When such Russian users’ accounts are in withdrawal only mode, they will not be able to transact on Binance or deposit additional funds into their accounts.

Binance also added that they would support sanctions if requested by the international community, but have no plans to suspend work in Russia.

Updated: A press release states that Russian citizens, Russian residents or legal entities registered in Russia will be given 90 days to close positions with open positions and balances exceeding €10,000 in cryptocurrencies.