Binance Suspends Accounts Linked to Kremlin' Gilded Youth: Report
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Cryptocurrency exchange Binance has blocked several trading accounts tied to relatives of Kremlin top officials, Bloomberg has learned, citing the exchange's statement.

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According to the report, the exchange banned Polina Kovaleva, the stepdaughter of Russia's Foreign Minister Sergei Lavrov, and Elizaveta Peskova, the daughter of President Vladimir Putin's spokesman Dmitry Peskov. Binance also suspended account of Kirill Malofeev, the son of Konstantin Malofeev, a Russian billionaire sanctioned by the US Treasury Department over financing for Russians promoting separatism in Crimea.

US Treasury Sanctions First Russian Crypto Mining Company

Binance said it had also blocked cryptocurrency exchange Garantex after the US Treasury’s Office of Foreign Assets Control sanctioned it over processing more than $100 million in transactions associated with illicit actors and darknet markets.

Last week, Binance imposed sanctions against Russia's citizens who hodl over €10,000 following the EU's fifth round of sanctions against Russia. From now on, such Binance customers can't trade on the exchange or deposit additional funds into their accounts.

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