Topics

Posted 8/28/2023, 1:07:30 PM

Binance adds fiat currency restrictions for Russian users

Cryptocurrency exchange Binance has imposed restrictions on its peer-to-peer trading platform, banning Russian residents from using fiat currencies other than the Russian ruble and requiring Russian KYC verification and residency for ruble transactions, possibly in response to Western sanctions or new fiat currency restrictions imposed by the Russian government.

cointelegraph.com

Relevant topic timeline:

8/21/2023

Binance limits withdrawals in Europe, cites payment processor issues

Binance customers in Europe are facing difficulties with fiat withdrawals due to issues with SEPA transfers, as the exchange has temporarily suspended euro withdrawals and deposits via SEPA while it works to resolve the problem.

8/22/2023

Binance Needs to Get Off Twitter

Binance, the world's largest cryptocurrency exchange, caused confusion by mistakenly announcing on social media that euro transactions were no longer available, but it was clarified that euro transactions will continue until September 25th with Binance's banking partner in the region. However, the exchange is currently facing legal troubles and difficulties in various countries, making it challenging to find alternatives.

8/22/2023

Binance US renews banking push with MoonPay deal

Binance US is reportedly reconsidering its decision to discontinue fiat on- and off-ramp services and is working on integrating new US dollar on-ramp solutions, potentially partnering with payment provider MoonPay to allow users to buy and sell cryptocurrencies in dollars.

8/23/2023

DOJ Action Vs. Binance Becomes More Likely: Ex-SEC Official

The US Department of Justice (DOJ) is reportedly investigating whether cryptocurrency exchange Binance has violated US sanctions against Russia by facilitating ruble-to-crypto trades, adding to existing allegations of market manipulation and anti-money laundering violations, which could have significant implications for the broader cryptocurrency ecosystem.

8/24/2023

Binance to halt crypto debit card in Latin America, Middle East

Cryptocurrency exchange Binance will suspend its crypto debit card services in Latin America and the Middle East without providing a specific reason, impacting less than 1% of users in those regions.

8/25/2023

Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service

Binance has severed ties with five sanctioned Russian banks on its peer-to-peer service due to a system update to comply with regulatory standards and sanctions rules, amidst ongoing legal challenges faced by the exchange.

8/28/2023

Crypto Giant Binance Considers Russia Exit

Binance, the world's largest cryptocurrency exchange, is considering a complete withdrawal from the Russian market due to complications and potential violations of Western sanctions.

8/28/2023

Crypto Giant Binance Considers Russia Exit

Binance, the world's largest cryptocurrency exchange, is considering a complete withdrawal from the Russian market due to complications and potential violations of Western sanctions.

9/6/2023

Top Binance execs in Russia leave as firm considers exiting the market

Cryptocurrency exchange Binance is experiencing the departure of two key executives in the Russian market, raising questions about the company's future in the region amidst regulatory challenges and potential sanctions.

9/7/2023

Binance Boosts Bitcoin, Ether Trading in Argentine, Brazilian, South African Currencies With Fee Promotion

Crypto exchange Binance is expanding its zero-fee trading promotion to include Argentine, Brazilian, and South African currency spot trading pairs, allowing users to trade bitcoin, ether, and Tether's USDT stablecoin without paying maker fees.

Topics

Posted 8/28/2023, 1:07:30 PM

Binance adds fiat currency restrictions for Russian users

cointelegraph.com

Relevant topic timeline:

8/21/2023

Binance limits withdrawals in Europe, cites payment processor issues

8/22/2023

Binance Needs to Get Off Twitter

8/22/2023

Binance US renews banking push with MoonPay deal

8/23/2023

DOJ Action Vs. Binance Becomes More Likely: Ex-SEC Official

8/24/2023

Binance to halt crypto debit card in Latin America, Middle East

Cryptocurrency exchange Binance will suspend its crypto debit card services in Latin America and the Middle East without providing a specific reason, impacting less than 1% of users in those regions.

8/25/2023

Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service

8/28/2023

Crypto Giant Binance Considers Russia Exit

Binance, the world's largest cryptocurrency exchange, is considering a complete withdrawal from the Russian market due to complications and potential violations of Western sanctions.

8/28/2023

Crypto Giant Binance Considers Russia Exit

Binance, the world's largest cryptocurrency exchange, is considering a complete withdrawal from the Russian market due to complications and potential violations of Western sanctions.

9/6/2023

Top Binance execs in Russia leave as firm considers exiting the market

9/7/2023

Binance Boosts Bitcoin, Ether Trading in Argentine, Brazilian, South African Currencies With Fee Promotion