Apr 21, 2022

Binance crypto exchange forced to scrap swastika-like emoji

Cryptocurrency exchange Binance has had to pull a new emoji after Twitter users said it resembled a swastika. Binance, the world's largest cryptocurrency exchange, said it was unsure how the design passed several layers of review. Binance deleted tweets featuring the hashflag, as did Changpeng Zhao, the company's chief executive and founder. Separately Binance has announced that it will limit services for people in Russia, Russian nationals and businesses based in Russia that hold crypto assets worth more than 10,000 euros. In giving notice of these new measures, the company said that while they were potentially restrictive to normal Russian citizens, "Binance must continue to lead the industry in implementing these sanctions".

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