The world’s largest crypto exchange Binance announced today, with effect from tomorrow In Russia MasterCard and Visa given by cards announced that he would stop accepting!
The decision, announced on Binance’s blog and official Twitter account, came after the world’s largest card operators announced that they would stop services in the country within the framework of sanctions against Moscow.
Russia has been subjected to an unprecedented embargo.
This situation is somewhat fueled by the fact that the war in question coincided with a period when digitalization was at its peak. SWIFT payment network barrier, frozen crypto accounts, Russia’s largest credit institution Sberbankwithdrawal from Europe…
While the US and Europe, which are trying to corner Russia with new sanctions every day, the circle gradually narrows, and it looks like the leading crypto exchanges will not be able to stay away from the said movement any longer.
Binance CEO, evaluating the decision taken by Binance Changpeng Zhaostated that the decision is not in their own hands, and moreover, it is not their own decision:
This is out of our hands. Not our decision.
— CZ 🔶 Binance (@cz_binance) March 8, 2022
Crypto Exchanges Are Going To Comply With Sanctions!
Binance, like most major crypto exchanges, has agreed to abide by US sanctions to block any blacklisted party from their platform, although it has rejected calls to ban Russian customers outright.
Coinbase in a statement he made in the past few days, he was said to be involved in illegal activities. 25,000 He announced that he blocked his Russian wallet.