Major cryptocurrency exchange Binance reinstated the purchase of assets with Visa and Mastercard cards via bank transfers.

According to the information published by the platform, the service was restored for “a maximum single purchase of up to 5,000 euros, for an approximate value of USD 5,440 for transactions based on euros, and up to USD 20,000 for purchases based on US dollars.”

Crypto made easy—buy and sell with ease. 🤌

Use Mastercard, Visa, or SEPA, for bank transfers, and experience smooth transactions!

Try it now 👉🏻 https://t.co/shCZx59fi3 pic.twitter.com/05pzOC3sjh

— Binance (@binance) June 6, 2024

Card operations on Binance were suspended on December 20 in the European Economic Area (EEA) due to regulatory measures and after problems arose with the payment processor Paysafe, which abandoned the platform.

In any case, the reestablishment of operations will be done under stricter security measures accepted by Visa and Mastercard and will allow transactions in a fluid and monitored manner.

The SEC’s accusations against Binance and regulatory issues have kept the platform in crisis, which is beginning to regain customer trust in its quest to restore its balance in the market.

M.Pino

Source: cryptonews

(Reference image source: Kanchanara en Unsplash)

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La entrada Binance reinstated cryptocurrency purchases with Visa and Mastercard apareció primero en Bitfinance.

The Bank of Spain spoke out again about cryptocurrencies, leaving a warning to its clients as to the risks that exist when investing in these assets.

According to the arguments of the financial institution, this risk derives from the volatility and manipulation that are normally part of some digital assets.

The Bank of Spain remarked that investing in cryptocurrencies was a very risky task since they were “very speculative” and did not have any backing from central banks.

On the other hand, they highlighted that the bank is unable to guarantee its clients the resolution of any conflict that may arise when buying cryptocurrencies, given that most of the sellers are located outside of Spain.

Finally, the Spanish institution advises that if you really feel a great desire to invest in cryptocurrencies, first inform yourself as much as possible before investing your money considering all the risks that they may represent. Indeed, this should be a rule for anyone before making a crypto investment.

K. Tovar

Source: Beincrypto

La entrada Bank of Spain talks about cryptocurrencies apareció primero en Bitfinance.