• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN
Bitcoinist.com
No Result
View All Result
Russian Binance Users
Nexo

No. 2 Target? Russian Binance Users Reportedly Blocked From Buying Crypto With Ruble

Jet Encila by Jet Encila
3 months ago
in Binance, Crypto News, SWIFT
0

According to a group of Russian Binance users, the crypto exchange no longer accepts local bank cards.

The cards, they said, cannot be used to deposit fiat currency on the exchange or to support the purchase of digital assets.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

On Wednesday, several Russian users discovered a warning notice telling them that local bank cards are presently not supported.

“Please be informed. At this time, we do not support the bank cards issued in your country,” the notice said.

Possible Chain Reaction

Following the United States’ expansion of sanctions against Russia, which included a ban on US dealings with the Russian central bank, a number of financial institutions followed suit.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

SWIFT, for example, recently stated that it is waiting to decide which financial institutions regulators wish to cut off from its global banking services.

Mykhailo Fedorov, Ukraine’s vice prime minister, urged all major cryptocurrency exchanges last week to prohibit Russian users and freeze their funds on Binance.

The post on the Binance exchange also included a positive note, stating that the company was “working on making this a possibility as soon as we can.”

Binance Mum At The Moment

However, no explanations for the removal of these local cards have been offered by Binance Russia’s Twitter or Telegram channels.

Interestingly, a Binance Russia representative said that there must be “some type of mistake.”

“Nothing was obstructed,” the representative claimed. “This is most likely an error f we make a change, we notify our users.”

Relate Article | Ukraine Crypto Donations Ramp Up As Binance, Others Join In

Total crypto market cap at $1.905 trillion in the daily chart | Source: TradingView.com

Sberbank On The ‘Hit’ List?

According to some sources, Binance is refusing cards issued by Sberbank, one of Russia’s biggest banks.

Sberbank is one of the financial institutions that the West previously sanctioned, along with other major lenders.

According to a Reuters article, Binance is blocking the accounts of any Russian finance institution that are sanctioned.

Crypto For All Russian Binance Users?

According to the exchange’s representative, they will not prohibit Russian Binance users “unilaterally.”

“Crypto is intended to create greater financial independence for people all across the world,” the representative said.

“To arbitrarily decide to deny individuals access to their crypto would be contrary to the very reason crypto exists,” he continued.

Russia Under Pressure

As previously reported by various news outlets, numerous areas of Russia’s economy are currently feeling the heat as a result of the country’s attack on Ukraine.

Related Article | Russia Said SWIFT Ban Could Be Tantamount To A Declaration Of War

Featured image from CryptoSlate, chart from TradingView.com
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Jet Encila

Jet Encila

Freelance writing is Jet's other cup of tea. When not on his computer, he unwinds with a cold bottle of beer and laughs with his son over cartoons. Other than that, he's just like everybody else who wants to be happy with their life.

Related Posts

Twitter Shares Shed 20% As Elon Musk Says $44 Billion Takeover Deal Postponed

Twitter Shares Shed 20% As Elon Musk Says $44 Billion Takeover Deal Postponed

3 days ago
Terra

Terra TVL Crumbles More Than $14 Billion

4 days ago
LUNA

Will Terra LUNA Go Extinct After Being Delisted By Binance, Bybit And eToro?

4 days ago
Robinhood

Robinhood Shares Rally 20% After FTX Founder Sam Bankman-Fried Acquires 7.6% Stake

4 days ago
LUNA

LUNA Sinks As Binance Suspends Withdrawals Of Tokens Amid Market Turmoil

7 days ago
Binance

Binance Issues Warning On Fake Billboard Ads Rented In Turkey

1 week ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Btcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Play Games
  • BET&WIN

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.