From March 21, the Binance cryptocurrency exchange will restrict transactions with the hryvnia through the fiat gateways Settlepay and Advcash.
Buying hryvnia for additional payment Settlepay and payment Advcash will be unavailable from 21.03.2023 02:00 (outside Kiev).
Once you withdraw through Settlepay, you can withdraw fiat currency to gammon.
— Binance Ukraine (@BinanceUkraine) March 13, 2023
In a comment to ForkLog UA, representatives of the platform said that the purchase of the hryvnia would be suspended through both services. Hryvnia withdrawal via Settlepay remains possible.
The exchange team advised clients to conduct transactions through an internal P2P service.
In early March, cryptocurrency exchanges announced a temporary suspension of operations through hryvnia bank cards.
The founder of the Kuna cryptocurrency exchange, Mikhail Chobanyan, citing MP Alexei Zhmerenetsky, said that this was due to countering money laundering and tax evasion in the gambling industry.
The same reason was confirmed by Binance.
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