🔥 Key Takeaways
- Binance has suspended Visa and Mastercard withdrawals for users in Ukraine.
- The suspension is due to Bifinity UAB’s exit from fiat services, leading to regulatory changes.
- Card deposits continue to function, and SWIFT transfers and P2P trading remain unaffected.
- Recurring buys have been paused for Ukrainian users.
- Zen.com is set to return on January 6, 2026.
Binance Pauses Visa, Mastercard Withdrawals for Ukrainian Users After Bifinity Regulatory Shift
Binance, one of the world’s largest cryptocurrency exchanges, has announced that it will suspend card-based withdrawals for users in Ukraine, specifically pausing payouts to Visa and Mastercard. This decision comes in the wake of significant regulatory changes tied to Bifinity UAB’s exit from fiat services.
The move by Binance affects only the withdrawal process, as card deposits continue to function normally. Additionally, SWIFT transfers and peer-to-peer (P2P) trading remain unaffected, offering users alternative methods to manage their funds. However, the exchange has also paused recurring buys for Ukrainian users, adding another layer of restriction to the service.
Bifinity UAB, a key player in the fiat-to-crypto bridge, has decided to exit fiat services, a decision that has necessitated regulatory adjustments. This shift has prompted Binance to reassess its operations in Ukraine, leading to the temporary suspension of certain financial services.
Despite the inconvenience, Binance has assured users that this is a precautionary measure to comply with regulatory requirements and maintain the integrity of its platform. The exchange has not provided a specific timeline for the resumption of Visa and Mastercard withdrawals, but it has stated that it is actively working on solutions to reinstate these services as soon as possible.
In a related development, Zen.com, a platform that has been part of the Binance ecosystem, is set to return on January 6, 2026. While this is a long-term outlook, it suggests that Binance is planning for a robust and compliant future in the Ukrainian market.
Ukrainian users are advised to explore alternative methods for managing their funds, such as using SWIFT transfers or P2P trading, while Binance works to resolve the regulatory issues. The crypto community is closely watching this situation, as it highlights the ongoing challenges and complexities of navigating the regulatory landscape in the cryptocurrency sector.
Read Also Epochs
