Binance Blocks Support for Visa and Mastercard Cards From Russia

Cryptocurrency exchange Binance announced the termination of support for transactions using Visa and Mastercard cards issued in Russia from March 9, 21:00 UTC (midnight March 10 Moscow time).

According to the exchange, all transactions using Mastercard and Visa cards issued in Russia will not be available on Binance. Additionally, within the Russian Federation, Binance will reject all Mastercard and Visa transactions initiated by financial institutions outside of Russia.

A Binance representative told ForkLog that the restrictions adopted by the company apply exclusively to the crypto-fiat service of the exchange, but as part of P2P trading, customers can use the plastic of Russian banks, except sanctioned credit organizations.

On February 24, Russia carried out a paramilitary invasion of Ukraine on several fronts, shelling Kharkiv, Kyiv, Sumy, Chernihiv, Vinnytsia and other cities of various calibres.

The Ukrainian army is holding back the invasion of the enemy. From the hottest spots, the civilian population is trying to evacuate to other cities or even countries.

The world community organized to help the refugees and the Ukrainian army. Only the crypto community has transferred billions of dollars to help Ukrainians.

The BTC-Alpha team together with trusted volunteer communities created a charity fund ‘‘Alpha for Ukraine’. You can make a donation to help everyone in Ukraine who needs medicines, humanitarian aid and to support the defence of the country.

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