Binance adds fiat currency restrictions for Russian users
Russian ruble use on Binance P2P has been restricted to Russian citizens who live in the country.
Russian ruble use on Binance P2P has been restricted to Russian citizens who live in the country.
Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on Bybit and OKX.
This week's Crypto Biz explores the latest on Binance's global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify's take on USDC and China's blockchain data exchange.
The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks.
Visa also reportedly stopped issuing new co-branded cryptocurrency cards with Binance in Europe as of July.
In an official statement, cryptocurrency exchange Binance unveiled its plans to implement updates to the zero-fee Bitcoin trading starting from September 7.
Despite the U.S. DOJ investigating Binance for violation of U.S. sanctions with its services in Russia, the firm has continued to promote its platform in the country.
Binance didn’t reveal the exact reason behind the suspension but claimed it would only impact 1% of users in the affected regions.
In a deleted customer service message, Binance said that the failed withdrawals were caused by temporarily suspended EUR transactions through SEPA.
This week's Crypto Biz explores Binance Connect shutdown, BitGo's funding round, PayPal Crypto Hub, and other news.