Binance To End Ruble Payments As It Winds Up Partnership With Russian Payment Firm Advcash, WSJ Says
Binance plans to end its partnership with the Russian payment provider Advanced Cash (AdvCash), ending ruble-based transactions, the Wall Street Journal (WSJ) reported. AdvCash was used to move funds between sanctioned Russian banks and the exchange, the WSJ said, citing sources close to the matter. #WSJ : #Binance plans to terminate cooperation with #Advcash This decision is due to the fact that Advcash allows you to transfer funds to the exchange to customers of Russian banks that have been sanctioned. #CRYPTO #Bitcoin #web3 #NFTs #ETHEREUM pic.twitter.com/UX2euPY5hn — NFT GURU BIG MIKE 🎁 𝗡𝗙𝗧 Promoter (@CRYPT056) November 1, 2023 This is in line with the exchange’s bid to fully exit the Russian market following intensive legal scrutiny following the Ukraine invasion. Binance entered into a partnership with Advcash in 2019, allowing consumers to make deposits and withdrawals in rubles. In this collaboration, Advcash provided l...