Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks

Crypto Exchanges Bybit and Okx Drop Cards of Sanctioned Russian Banks

Cryptocurrency exchanges Bybit and Okx have discontinued support for payment cards issued by sanctioned banks from Russia. The moves follow in the footsteps of Binance, the world’s largest exchange for digital assets, which recently removed such cards from its peer-to-peer (P2P) platform.
Bybit and Okx Stop Operations With Sanctioned Russian Banks
Bybit and Okx, two of the top crypto spot exchanges according to data from Coinmarketcap, will no longer process transactions involving certain Russian banking institutions placed under Western sanctions, the crypto news outlet of the Russian business portal RBC reported.
On Okx’s P2P platform, the cards of Russia’s largest state-owned bank, Sberbank, largest private bank, Alfa-Bank, and the neobank Tinkoff, a major issuer of payment cards, have become unavailable among the offered payment options.
Russian users can still buy and sell coins for rubles on Okx through a bank transfer, using cards from the Russian banks Post Bank, Promsvy

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