Post
Topic
Board Service Discussion (Altcoins)
Re: Binance Shuts down their Visa Debit Cards in Europe
by
Elpeor00
on 04/12/2023, 20:49:02 UTC
Unsurprising, the pressure on Binamce to give up data about their user base and comply with stricter regulations was pretty heavy all over this year

In the past the authorities have targeted the "bridges" between crypto ecosystem and traditional finance, like the credit and debit cards you can top up with crypto (there were several  before BTC's last ATH) when trying to apply pressure over the business in the ecosystem, they still see it as the best choke point, binance may be more resistant to the lack of a CC option than other services, since their so called "P2P" service is very popular among users and mainly used to transfer stablecoins, the "easier" tokens to be accepted by the general public

By the way, european users had a early warning about increasing restrictions back in the first semester when binance "almost" delisted the privacy coins