🔴🟠 Binance resumes card purchases! A victory over regulation
In a recent development marking a turning point for the crypto industry, Binance, the world’s largest cryptocurrency exchange, announced the resumption of cryptocurrency purchases via Visa and Mastercard. This news comes after a period of regulatory difficulties that had seen these services suspended.
🔸 Purchasing crypto by card now possible again on Binance!
Binance’s ability to allow Mastercard users to purchase crypto on the exchange once again is a relief for many investors and platform users. According to reports, Mastercard made the decision to allow purchases related to Binance on its network again after a “thorough review of the strict controls and processes put in place by Binance.”
The halting of crypto services by card at Binance in the European Economic Area (EEA) had been previously announced, following the end of Mastercard’s partnership with Binance in several countries, including Argentina, Brazil, Colombia, and Bahrain, last September.
This decision came shortly after the SEC filed charges against Binance in June 2023, accusing the crypto exchange of misappropriating customer funds and conducting unregistered securities offerings. As a result, the resumption of cryptocurrency purchases with Visa and Mastercard could signal an end to Binance’s regulatory troubles.
🔸 Binance returns forcefully to the market!
The restoration of card payment services is a significant step forward for Binance, which seeks to strengthen its position as the leader in the global cryptocurrency market. With the resumption of card payment services, Binance offers its users greater flexibility and ease of access to purchasing crypto, thereby reinforcing user confidence in the platform.
In conclusion, the restoration of crypto purchases by card on Binance is positive news for the exchange and the entire cryptocurrency industry. This could mark the beginning of a new era of stability and growth for Binance and its users.
