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Crypto Exchanges Remove Sanctioned Russian Banks

Crypto Exchanges Remove Sanctioned Russian Banks

Tinkoff Bank and Sberbank Removed from Payment Options on Bybit

Following Binance, other major crypto exchanges, OKX and Bybit, have also removed Russian banks under international sanctions from their fiat payment options. Tinkoff Bank and Sberbank are now unavailable for P2P transactions. Though unannounced officially, this move aligns with global regulations. The recent spotlight on these sanctioned banks arose after Binance initially listed them, prompting swift removal. Despite this, ads on platforms still indicate the use of these banks, raising concerns about effective implementation.

By: Amogh Mishra
28-Aug-2023

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