Crypto exchange Binance has replaced the names of cards issued by Russian banks with colors, Russian media revealed amid reports of a U.S. investigation into potential sanctions violations. The changes concern the ruble exchange feature on Binance’s peer-to-peer platform.
Russian Traders on Binance Offered ‘Green’ and ‘Yellow’ Cards as Payment Options
Binance, the world’s largest digital asset exchange by trading volume, has changed the names of the cards of two Russian banks, Sberbank and Tinkoff, on its platform, Russian crypto news outlets Bits.media and RBC Crypto reported.
The change has been made on Binance’s peer-to-peer (P2P) platform where Russian users can now choose between a “green local card,” (for Sberbank, according to the websites) and a “yellow local card” (for Tinkoff) in the payment options menu.
The renaming follows the publishing of a report by the Wall Street Journal (WSJ) on Tuesday, quoting sources, according to which Binance is under inves
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