Binance, the world’s largest crypto trading platform in terms of trading volume, has announced that Mastercard and Visa cards will no longer be available to Russian customers. The decision comes days after Visa and Mastercard decided to drastically limit the capabilities of their payment networks as a result of economic sanctions levied against the Russian economy.
Coinbase cryptocurrency exchange has placed more than 25,000 blockchain addresses linked to Russian individuals and businesses on its internal blacklist. In a Monday’s blog post, Coinbase’s Chief Legal Officer Paul Grewal wrote that the blacklisting doesn’t come as a direct result of Russia’s war with Ukraine, but rather as a result of multi-year efforts to curb illicit activity.
The Binance cryptocurrency exchange has fully reopened EUR and GBP deposit and withdrawal options via the European Union’s Single Euro Payments Area (SEPA) and UK’s Faster Payment Services (FPS), respectively.
In light of Russia’s attack on Ukraine, the US, and its allies enacted strict economic sanctions in hopes of shortening the conflict. Several Russian banks were cut off from the global SWIFT inter-bank system, while Visa, Mastercard, and many other businesses decided to limit their services or entirely withdraw from the Russian market.
Hong Kong-based gaming and venture capital company Animoca Brands has announced it will no longer allow Russian citizens access to its services. One of the company’s co-founders, Yat Siu, told Bloomberg that the decision to leave the Russian market was made after receiving legal advice.
Leading cryptocurrency exchange Binance has announced STEPN (GMT) as the 28th project featured on its Launchpad platform. Launchpad participants will be able to commit their BNB to receive a share of 420 million GMT allocated for the initial exchange offering (IEO).
Learn how to participate in the STEPN – Green Metaverse Token IEO on Binance Launchpad in our step-by-step guide.
Binance Crypto Loans offers several benefits over traditional loan offerings and allows users to increase their exposure to cryptocurrency markets by staking their spot holdings as collateral.
Binance Futures lets crypto traders speculate on the future price of more than 100 digital assets with up to 125x leverage and a very competitive fee structure.