CommEX, the entity that has acquired Binance’s Russian branch, is registered in Seychelles and will be accessible to users in Crimea, a sanctioned territory.
In a Q&A session on Telegram, a CommEX spokesman said they are working with Crimea, a peninsula in Eastern Europe sanctioned by the U.S., the European Union (EU), the United Kingdom (UK), Canada, and Australia.
At the same time, CommEX claims in its Terms of Use that users from Cuba, Iran, North Korea, and Syria are barred from accessing the platform.
Crimea is notably not mentioned.
CommEX also says it will not offer services to “individuals or entities named as a restricted person or party on any list maintained by the United States of America, United Kingdom, European Union or United Nations, including the sanctions lists maintained by the U.S. Office of Foreign Assets Control or the Denied Persons List or Entity List maintained by the U.S. Department of Commerce.”
The spokesperson revealed that the exchange is registered in Seychelles. This might see the exchange bypass local limitations, given that President Vladimir Putin earlier
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Author: Denis Omelchenko
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