Binance suspende transacciones con tarjetas Mastercard y Visa rusas

Binance suspende transacciones con tarjetas Mastercard y Visa rusas

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.

Russians Unable to Use Their Mastercard and Visa Cards on Binance

Starting on Wednesday, Marzo 9, all transactions initiated with Mastercard and Visa cards issued in Russia will be unavailable on Binance. The worlds largest cryptocurrency exchange by trading volume explained this is due to the U.S. payment processorsdecision to suspend their activities in the Russian Federation.

The platform further noted that all transactions initiated with Mastercard and Visa cards issued by financial institutions outside of Russia will be unavailable on Binance within the country, also in line with the policy changes announced by the two financial services corporations.

The restrictions apply only to Binances crypto-to-fiat service, Forklog informado, 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. base de monedas and the South Korean Upbit and Bithumb have imposed restrictions, major global exchanges like Binance and Kraken denied the request to unilaterally freeze the accounts of all Russia-based users.

With the West expanding financial sanctions on Moscow, Russians have turned to the digital assets market with reports revealing a spike in Russian ruble trading, including on Binance. Earlier in March, its founder and CEO Changpeng Zhao stated the exchange was following sanction rules without limiting access for ordinary Russian citizens that are not on the sanctions lists.

Binance has also been actively involved in the financing of humanitarian efforts in Ukraine. The exchange announced the donation of $10 million for the Ukrainian people suffering from the military conflict and the Binance Charity Foundation gave Unicef $2.5 million worth of cryptocurrency.

Puedes apoyar a las familias ucranianas, niños, refugiados, y personas desplazadas mediante la donación de BTC, ETH, and BNB to Binance Charitys Ukraine Emergency Relief Fund.

Do you expect Russian traders to face more restrictions on cryptocurrency exchanges in the future? Cuéntanos en la sección de comentarios a continuación..