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Binance fully exits Russia with sale of business to CommEX. Transition will last a year, the exchange said in an announcement on Wednesday, September 27. Binance has announced its exit from Russia, with its business sold to newly formed cryptocurrency exchange CommEX. An announcement on Wednesday stated that the exit comes after an agreement that sees it sell “the entirety of its Russia business” to the CommEX team. Binance fully exits Russian market While it did not disclose any financial details, Binance noted in the announcement that the off-boarding process will last one year.  According to Binance , its deal with CommEX is unlike others that international companies struck in the wake of Russia ’s invasion of Ukraine and the launch of sanctions by EU and the US. It’s a full exit. “ Unlike similar deals from international companies in Russia , Binance will have no ongoing revenue split from the sale, nor does it maint...

The Russia n Federal Secret Service (FSB) has charged a man in eastern Russia with high treason after he was suspected of sending Crypto currency to Ukraine ’s armed forces, according to state-owned news publisher TASS.  The man, a resident of the Khabarovsk region, is alleged to have sent Crypto to armed forces in Kyiv to help buy ammunition, medical equipment, drones, and infrared rifle scopes.  “It was ascertained that the detainee, using cryptocurrency instruments, made transfers of personal funds via third parties residing on the territory of Ukraine to an account of a foreign charitable foundation intended for use by the Ukrainian armed forces,” Russia’s secret services told TASS. Neither the amount nor type of crypto sent was disclosed .  Weaponry and cyberwar: How Bitcoin funds anti-Russia efforts in Ukraine Read more: Crypto use in Russia rises as country faces sanctions and bank outages Russian state media RIA managed to record the man be...