Binance to Cease RUB Deposits Amid Russian Exit Plans
In anticipation of Binance’s departure from Russia, the cryptocurrency exchange is presently focusing on discontinuing RUB deposits. Binance, the largest cryptocurrency exchange in the world, issued a statement updating its users on the Russian ruble (RUB) landscape in the wake of its impending withdrawal from the country. Following the statement, the exchange will halt all […]
Russian crypto volumes to drop after Binance blocks Visa and Mastercard
Binance blocked Visa and Mastercard cards issued in Russia, causing crypto trade volumes to fall. While Russian citizens still have access to cryptocurrency exchanges, sanctions on traditional payment channels appear to be limiting their ability to trade. While most crypto exchanges oppose blanket bans on Russian users, many have stopped taking payments from sanctioned banks […]