Binance halts crypto debit cards in Latam and Middle East
Binance announced the suspension of its crypto debit card services in Latin America and the Middle East starting Aug. 25. Crypto debit cards allow users to make purchases using their crypto . Binance Card enabled its users to cover daily expenses using crypto assets. The news was known first when a Colombian user sent a query about using the card to Binance via X. Binance Customer Support replied that the service would be suspended starting Aug. 25. Hey Binance Colombia could you further explain what happened with the Binance card? What were the hurdles? Could we expect another card soon? — Le gamin immigré (@Legaminimmigre) August 23, 2023 Crypto.news reached out to Binance to understand the reasons behind the decision. The company explained that the change affects less than 1% of users in the specified regions. You might also like: Binance accused of violating sanctions placed on Russia Affected users can utilize the card until Sept. 21, 2023, but Binance a...