Binance stops P2P operations at Venezuelan bank

The cryptocurrency exchange platform Binance suspended P2P operations through Banco de Venezuela in compliance with internal and international regulations

This Monday, users of the Binance platform for P2P operations through Banco de Venezuela reported the difficulty in carrying out their transactions.

Binance, the main platform in the world for the purchase and sale of cryptocurrencies, as well as P2P operations, suspended this service through the Venezuelan financial entity, arguing that it adjusted to both local and international regulations.

Clients have reported difficulties “both when trying to access their trade orders, and when looking for offers that involve transactions or payments in bolivars,” the local currency.

It is important to note that Binance’s P2P operations through other banks in the country (Banesco, Banco Mercantil, BBVA) were not affected by the measure.

Binance’s decision is not exclusive to the South American country, as it was recently learned that the platform did the same with five banks in Russia.

M.Pino

Source: diariobitcoin

(Reference image source: Kanchanara, Unsplash)

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