Binance has revised its payment methods by disconnecting Russian sanctioned banks and payment systems from the possibility of P2P transactions.

The world’s largest cryptocurrency exchange Binance, at the request of the State Financial Monitoring Service of Ukraine, changed its policy and ruled out the possibility of P2P transactions for a number of Russian banks and payment systems that have been designated to the sanctions list.

According to the exchange, Binance is actively reviewing payment methods to ensure the efficiency of transactions and provide users with the best service. After careful verification, the following payment methods have been excluded from the list of Binance P2P:

- Sberbank;

- Gazprombank;

- Alfa Bank;

- Otkrytie;

- VTB;

- Transfer from a bank card (Russia);

- SBP - Quick bank transfer;

- Mir.

According to the Binance announcement, all ads containing these payment methods have been automatically closed by the system.

The SFMS expresses its sincere gratitude to Binance for its work aimed at ensuring the legal and regulated circulation of virtual assets in Ukraine and the world, as well as participation in combating Russia’s treacherous criminal aggression against peaceful Ukraine.