Visa-backed Binance Card, owned by Binance, the world’s largest cryptocurrency exchange, is terminating its operations in Europe.
Binance, 20 October In his official statement on the day in the European Economic Area (EEA) Binance Card activities will be terminated gave place.
Approximately after Visa and Mastercard ended their partnership with Binance Two months later This news did not come as a surprise. Binance offers Visa-backed Binance Card for users in the EEA region Until December 20He emphasized that they can continue to use it. This step back of the stock market ascending regulator It is thought to be due to pressure.
A Binance spokesperson said at the end of August that payment giant Visa has been operating in Europe since July. Binance branded card production He said he stopped it.
Region defined as EEA Iceland, Germany And Norway with All 27 European Union member states It covers.
On the other hand, Mastercard and Binance Argentina, Brazil, Colombia And bahrainCryptocurrency supported debit card service in As of September 22 He declared that he would end it.
Binance also about 2 months ago Latin America And Middle EastCryptocurrency supported in will discontinue debit card service had announced.