Binance Exchange Will Release Cryptocurrency Payment Card In Russia

Cryptocurrency exchange Binance plans to launch its payment card in Russia, despite the proposal from the Ministry of Financeto ban most transactions with cryptocurrencies in the country. Cointelegraph writes about this with reference to the representative of Binance in Russia Gleb Kostarev.

According to him, Binance is currently operatingover the corresponding plan. He said the intention to launch the Binance Card in Russia is consistent with the company's mission to provide all users with "an equal experience in full compliance with local laws."

At the same time, he noted that Binance is not ready to name the timing of the launch of the tool in Russia or give any comment of a legal nature.

“We strive to provide all usersBinance has the same experience in full compliance with local laws. Russia is an important market for us. We are working on the launch of the Binance Card in Russia, but so far we cannot give an exact date or provide any legal opinion on this matter. "- said Kostarev.

Binance announced the launch of its own card inApril. It allows clients of the exchange to pay for purchases with cryptocurrency without having to convert it to fiat currency. In July, the Binance Card was officially launched in the European Economic Area. The map is expected to be available in 200 regions of the world.

According to Kostarev, the law on digital financialassets have not yet had an impact on Binance's operations. He noted that the law is "fairly neutral" and does not impose restrictions on the turnover of cryptocurrency assets. However, he acknowledged that further amendments may pose a threat to Binance's activities in the country.

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