Binance has resumed Visa and Mastercard crypto purchases, signaling potential relief from regulatory issues. Users can now buy cryptocurrency with ease, using bank transfers and SEPA transfers.
Binance has resumed allowing crypto purchases using Visa and Mastercard for its exchange users. Does this signal the end of Binance’s regulatory troubles?
Binance, the world's largest cryptocurrency exchange, will once again allow its customers to purchase cryptocurrencies using Visa and Mastercard. Binance has resumed cryptocurrency purchases via bank transfers using Visa, Mastercard, and SEPA transfers for “smooth transactions,” according to a June 6 X, the “buy crypto” options via Visa and Mastercard have been reenabled, with a maximum one-time purchase of up to 5,000 euro, worth approximately $5,440 for euro-based transactions, and up to $20,000 for U.S. dollar-based purchases.
debit card services in the European Economic Area on Dec. 20. The Binance Visa debit card converts crypto in users’ Binance accounts into local currencies, thus allowing them to use crypto to pay for purchases in stores and online.also sued Binance for failing to register Reenabling Mastercard and Visa-based cryptocurrency purchases could be another signal of Binance’s regulatory troubles coming to an end, following its settlement in the United States.In an April hearing in the U.S. District Court for the Western District of Washington, Zhao, also known as “CZ,” wasby Judge Richard Jones for charges related to money laundering at his cryptocurrency exchange. He was also ordered to pay a $50 million fine.
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