According to the WSJ, citing a Binance spokesperson, the exchange is now considering all the possibilities associated with Russia, including a “complete exit”. Recently, the site has been criticized by Western publications and regulators, as it continues to operate on the Russian market, despite the sanctions. But it seems that public pressure is doing its job – earlier the exchange removed support for Sberbank and Tinkoff cards, and later limited Russian residents to work on the P2P platform.
Now residents of Russia do not have access to foreign currencies on the P2P platform, and residents of other countries, on the contrary, have lost the opportunity to trade in rubles. Earlier it was also reported that Mastercard and the Binance exchange ceased to cooperate in the issuance of Binance cryptocurrency cards in Argentina, Brazil, Colombia and Bahrain. According to representatives of the exchange, the service has not gained much popularity and disabling cards will affect less than 1% of customers from these regions.
Source: Bits
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