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Binance Suspends Transactions With Russian Mastercard and Visa Cards


Crypto exchange Binance has blocked transactions with Mastercard and Visa cards issued in the Russian Federation. The trading platform announced the move after the American payment giants decided to halt operations in Russia over its military invasion of Ukraine. Russians Unable to Use Their...

Binance to No Longer Process Visa and Mastercard in Russia


Russia’s decision to invade Ukraine is now turning out to be very costly. In addition to sanctions imposed on Russia, the country is also witnessing financial isolation from the rest of the world. The two major players who suspended their services in the country are Mastercard and Visa. This...

Russian Banks Look to China’s UnionPay after Visa, Mastercard Freezout


  The American payments heavyweights Visa and Mastercard, as well as the card issuer American Express, have suspended their operations in Russia – joining an increasingly lengthy list of firms severing their trade links with the country. But Russian banks have indicated that they may look...

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