Binance Suspends Withdrawals to Visa and Mastercard for Ukrainian Users
- Withdrawals to Visa and Mastercard bank cards will be halted from December 29, affecting users of Bifinity services.
- Deposits via bank cards, Google Pay, or Apple Pay remain operational for users.
- SWIFT and Zen.com services continue to support withdrawals without interruption.
- Automated recurring purchases of crypto assets using fiat and limit orders for purchases are also suspended.
- The Zen service will be temporarily unavailable until January 6 due to technical updates.
These adjustments by Binance come amidst ongoing financial challenges in Ukraine, specifically impacting users who utilized Bifinity services. The temporary suspension of the Zen service is unrelated to any directives from the NBU.
The suspension of withdrawals to Visa and Mastercard affects specific user groups while other payment options remain available, highlighting the complexities in cryptocurrency operations during conflict situations.
