Cryptocurrency exchange Binance has removed Venezuela’s bank, Banco de Venezuela, which has been under US sanctions since 2019, from the list of payment methods from the p2p platform, Cointelegraph reports.

The measure followed similar steps against Russian sub-sanctioned banks and is likely aimed at complying with international financial sanctions, the publication said.

According to Venezuelan cryptocurrency users, Banco de Venezuela disappeared from payment options on the p2p platform this week after a series of deletions by Russian banks, the article noted.

On August 28, Binance restricted currency transactions for users from Russia. The cryptocurrency exchange also banned transactions with the euro, dollar and hryvnia via the p2p service for users from Russia. At the same time, the company did not rule out that Binance may completely leave the Russian market.

By Linda

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