Not really, they just want to change a market to suit the goal of this card. Asia markets prefer hard cash or e-wallet than credit cards. But yeah, govt could also a reason too.
Agree, Binance officials turn a blind eye to the all those "lists" and exchange continue to test their card in Malaysia. But European "watch dog" doesn't take a holiday and could wake up any time. I would observe the developments and didn’t order a card right away.