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Author Topic: Mastercard and Visa Cards Issued in Russia Unavailable on Binance  (Read 145 times)
Maslate
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March 10, 2022, 05:50:46 AM
 #21

CZ told that this move was not in their control meaning there was external pressure on binance for this action
Could be an external pressure because Binance is regulated and they are just following the mandate or the rules from their regulators. Binance as an exchange's main purpose of operation is profitability, so why would they deny that profit if there's no pressure from regulators?

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March 10, 2022, 05:53:35 AM
 #22

Binance told that they aren't gonna stop Russian citizens from using the exchange. But Master card or Visa card acceptance is out of Binance control. This is a centralized organization and they could stop the service accordingly. Binance has no fault on that. I am not sure if this was the right decision, but likely Visa & Master card authority forced to do it due to sanctions. To me, Binance acts perfectly.

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