Binance has suspended card-based withdrawals for users in Ukraine, according to a notice sent to customers this week. The changes took effect on Monday and include the temporary halt of direct withdrawals to bank cards issued by Visa and Mastercard, several local Ukrainian news outlets reported.
On Dec. 15, Binance informed users that its fiat payment provider, Bifinity UAB, would stop offering services by the end of the month due to regulatory changes. At the time, the exchange explained that the change would affect some fiat on- and off-ramp payment methods, but said users’ ability to deposit, withdraw, buy or sell crypto would continue without interruption.
According to the Ukrainian outlets, Binance has also told users that recurring crypto purchases and existing fiat-based limit buy orders will not be processed during the suspension period.
Still, the core fiat on-ramp functionality remains largely intact. Ukrainian users can still deposit funds and buy crypto using Visa and Mastercard for incoming transactions.
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