Binance launches crypto-to-bank account payment product in Latin America
Binance’s Send Cash product will facilitate crypto payments from nine countries to bank accounts based in Argentina and Colombia. Go to Source
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Sealing docs in Binance case could suggest a criminal probe, says former SEC official
According to John Reed Stark, the U.S. Justice Department may intend to indict or already indicted Binance, suggesting a motion in civil court was aimed at keeping this secret. Go to Source
Binance excludes Banco de Venezuela from P2P payments
Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009. Go to Source
Binance leaving Russian market is ‘on the table’: Report
A Binance spokesperson reportedly said the global cryptocurrency exchange was considering all options in regards to Russia, “including a full exit”. Go to Source
Binance says it ‘continues to serve’ Belgian users via Poland entity
In June, Belgium’s financial regulator ordered Binance to stop offering crypto exchange and custody wallet services, citing violations of the country’s AML and CFT requirements. Go to Source
Binance adds fiat currency restrictions for Russian users
Russian residents are now the only eligible users of Binance P2P that can use the Russian ruble, but they are also not allowed to use other currencies. Go to Source
OKX and ByBit remove sanctioned Russian banks from payments list
Tinkoff Bank and Sberbank are no longer available on the list of P2P transactions on ByBit and OKX. Go to Source
Crypto Biz: Coinbase-Circle re-alignment, Binance fiat hurdles, and USDC at Shopify
This week’s Crypto Biz explores the latest on Binance’s global on-ramps and off-ramps, Coinbase-Circle re-alignment, Shopify’s take on USDC and China’s blockchain data exchange. Go to Source
Binance P2P removes sanctioned Russian banks from payments list
The crypto exchange removed its “yellow” and “green” codewords from its list of payment methods, which previously referred to sanctioned Russian banks. Go to Source
Mastercard and Binance end crypto card partnership in Latin America: Report
Visa also reportedly stopped issuing new co-branded cryptocurrency cards with Binance in Europe as of July. Go to Source