
CZ says Binance Russia new owner CommEX will not serve EU, US customers
Binance CEO Changpeng Zhao 'CZ' denied ownership of the new crypto platform.
Regulatory debates, mining, sanctions dynamics, and Russia’s complex crypto environment.

The U.K.'s National Cyber Security Centre (NCSC) announced the thread on September 1st, linking the threat to the Russian state-sanctioned hacker group, 'Sandworm,'

The company previously attracted criticism for supporting sanctioned Russian banks.

Controversy around those Russian banks emerged earlier in the week, when WSJ claimed that the company continued to allow peer-to-peer trading involving the Russian banks in question.

Binance has repeatedly claimed that it complies with global sanctions imposed on Russia.

Binance has recently faced heavy regulatory scrutiny across several jurisdictions, particularly in the West.

Russia's foray into digital fiat currency adoption will involve 13 banks and 30 companies.



