Asian Tech Press (Apr. 21) -- Binance, the world's largest cryptocurrency exchange, announced Thursday a limit on services for Russian users following EU sanctions.

The crypto exchange said in a statement it was required to "limit services for Russian nationals or natural persons residing in Russia, or legal entities established in Russia."

The move comes as the EU unveiled its fifth package of restrictive measures against Russia.

Binance will not allow deposits or trading on those identified Russian accounts, which have over 10,000 euros in cryptocurrency assets.