Bitcoin News Official TheBitTimes.com

Binance VP Eastern Europe Gleb Kostarev and CIS director Vladimir Smerkis have announced they have quit the company. Cryptocurrency exchange Binance is losing two key executives related to the Russian market amid major regulatory challenges related to sanctions. Gleb Kostarev, head of Eastern Europe and Russia at Binance, took to Facebook on Sept. 6 to announce his departure from Binance. In his Russian-language announcement, Kostarev said that today marks the last day of his long-running work at Binance. He added that he’s stepping down as vice president responsible for Eastern Europe, the Commonwealth of Independent States (CIS), Turkey, Australia and New Zealand. He also stepped down from serving the role in the Asia-Pacific region “a few months ago,” the exec added. Kostarev expressed gratitude to Binance CEO Changpeng “CZ” Zhao and co-founder He Yi for all the opportunities that they provided. “Thanks to all the local initiative teams for their hardcore work and amazing campaig...

Russia will continue to create new crypto platforms in response to sanctions, State Duma official Anatoly Aksakov said. The Russian government is no longer planning to launch a regulated national cryptocurrency exchange but rather wants to regulate multiple crypto trading platforms. After introducing a plan to create a national crypto exchange in November 2022, Russian lawmakers have abandoned the idea, according to State Duma member Anatoly Aksakov. As previously reported, the local government was considering launching a unified crypto exchange as part of the Moscow Exchange. Instead of setting up a unified crypto exchange, Russia now wants to set rules for creating and managing such platforms, Aksakov said, the local news agency Izvestia reported on May 29. Russia’s Ministry of Finance was reportedly among the authorities that didn’t support the plan for a national crypto exchange. Aksakov, who leads the Duma’s financial markets committee, noted that crypto exchanges would allow Rus...