Crypto exchange Binance to stop accepting cards of sanctioned Russian banks

Crypto exchange Binance to stop accepting cards of sanctioned Russian banks

Some of the world's biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance.

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Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, and Litecoin are seen in front of a displayed Binance logo in this illustration taken (Photo: Reuters)Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, and Litecoin are seen in front of a displayed Binance logo in this illustration taken (Photo: Reuters)
Reuters
  • Mar 3, 2022,
  • Updated Mar 3, 2022 10:35 PM IST

Cryptocurrency exchange Binance on Thursday said cardholders of sanctioned Russian banks would not be able to use them on their platform and confirmed that sanctioned individuals have had their access restricted.

Some of the world's biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision that experts say weakens Western attempts to isolate Moscow following the invasion of Ukraine.

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Also read: Russia-Ukraine conflict may cloud skies for Indian aviation, warn experts

Also read: Private aviation academy aircraft crashes in Telangana, woman trainee pilot dies

Cryptocurrency exchange Binance on Thursday said cardholders of sanctioned Russian banks would not be able to use them on their platform and confirmed that sanctioned individuals have had their access restricted.

Some of the world's biggest cryptocurrency exchanges are staying put in Russia, breaking ranks with mainstream finance in a decision that experts say weakens Western attempts to isolate Moscow following the invasion of Ukraine.

Advertisement

Also read: Russia-Ukraine conflict may cloud skies for Indian aviation, warn experts

Also read: Private aviation academy aircraft crashes in Telangana, woman trainee pilot dies

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