Crypto exchange Binance blocks operations with Mastercard and Visa cards issued in Russia.
Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine.Starting on Wednesday, March 9, all transactions initiated with Mastercard and Visa cards issued in Russia will be unavailable on Binance. The world’s largest cryptocurrency exchange by trading volume explained this is due to the U.S.
The restrictions apply only to Binance’s crypto-to-fiat service, Forklog reported, quoting a representative of the company. Traders will still be able to use Russian cards in peer-to-peer transactions, except those issued by banking institutions placed under sanctions, the spokesperson elaborated. Amid an ongoing Russian military assault on Ukraine, Kyiv issued a call on crypto exchanges to freeze the accounts of all Russian users. While some platforms, such as the U.S.
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0.15331 | GMTUSDT | Binance SpotBinance cryptocurrency exchange - We operate the worlds biggest bitcoin exchange and altcoin crypto exchange in the world by volume
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