Binance will stop accepting Mastercard and Visa cards issued in Russia
The company stated that the restrictions will only affect the crypto-fiat side of the exchange
08.03.2022 - 15:15
302
1 min
0
What’s new? The Binance cryptocurrency exchange will stop accepting Mastercard and Visa cards issued in Russia. The restrictions will take effect on March 10 at midnight Moscow time. This is stated on the company’s blog.
Information on the Binance blog
What does the company say? Binance stated that the restrictions will only affect the crypto-fiat side of the exchange. The customers are still allowed to use Russian bank cards for P2P trading. The exceptions were credit institutions hit by Western sanctions. The blog says:
“All transactions initiated with Mastercard and Visa cards issued in Russia will be unavailable on Binance. In addition, all transactions initiated with Mastercard and Visa cards by financial institutions outside of Russia will also be unavailable within the Russian Federation on Binance.”
What had happened before? The company’s CEO Changpeng Zhao stated that the platform complies with the imposition of restrictions against the Russian Federation, but does not intend to block access to the site of persons who are not on the sanctions lists.
Useful material?
Market
Funds can be seized by law enforcers due to links to illegal activity
Apr 26, 2024
Market
Tether Finance division will be responsible for the issuance and redemption of USDT stablecoins
Apr 18, 2024
Trends
The first project introduced on the platform will be BounceBit (BB)
Apr 18, 2024
Business
The rate exchange of the native ACH token reacted with a 10% increase
Apr 18, 2024
Market
Miners are hunting for the first block after halving as the value of the first satoshi could exceed $1 million
Apr 18, 2024
Market
The platform will be non-custodial and accessible to everyone
Apr 15, 2024