Binance Confirms Suspension of Visa and Mastercard Withdrawals for Ukrainian Users

BlockBeats News, December 30, Binance has suspended withdrawals via Visa and Mastercard through the fiat payment service provider Bifinity UAB for Ukrainian users due to regulatory policy changes, as Bifinity UAB will cease operations by the end of the month.

A Binance spokesperson confirmed the news and added that the announcement regarding payment method changes only applies to Ukrainian users who have previously used Bifinity services. This change will affect some fiat deposit and withdrawal methods for Ukrainian users, but functionalities for depositing, withdrawing, and trading cryptocurrencies will not be affected. Users can still use Visa and Mastercard for deposits and cryptocurrency purchases, Apple Pay and Google Pay remain available for account top-ups, and Swift transfers continue to support deposits and withdrawals.