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Binance explained the reason for blocking hryvnia transactions

by Vaibhav
March 4, 2023
in News
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Binance explained the reason for blocking hryvnia transactions
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The timing of transactions on Binance through hryvnia bank cards is connected with the fight against illegal gambling. The bitcoin-exchange team said about it.

“Ukrainian banks have ceased to charge high-risk transactions, before which they introduce operations related to gambling, betting and cryptocurrencies,” Binance explained.

They added that for fiat transactions on the card – it was the only method of direct replenishment / withdrawal of the hryvnia, the banks of the bank cannot transfer money to crypto companies through the daily regulation. So, stock exchanges don’t think it’s possible to take advantage of banking acquiring.

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Binance was told not to know the technical details of the transaction and the terms of the operation with the unprepared hryvnia directly for the core bitcoin exchanges.

“Let’s work together at once to create solutions, like, from one side, the National Bank is in power, and on the other hand, it will be comfortable for the coristuvachi,” Binance explained.

Representatives of the exchange predicted that clients can use the P2P platform for fiat transactions. The company has also been appointed that the remaining days will fix an increase in the audience of the service.

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