as stated by Venezuelan usersBanco de Venezuela was removed from P2P payment options this week after Binance removed Russian banks. The obvious reason for this measure is the Wall Street Journal’s August 24 report. The exchange’s complicity in circumventing international financial sanctions.

Banco de Venezuela is among the largest financial institutions in the country: According to current statistics dating back to the late 2000s, Banco de Venezuela is among the largest financial institutions in the country. third row It has a share of more than 11 percent of the local market. it was in 2009 succumbed From Grupo Santander, a private holding company, to the state for about $1 billion. Sanctions imposed in response to crackdowns on the 2014 and 2017 protests Sanctions imposed by the U.S. Department of the Treasury on Venezuelan government officials and affiliates in 2018 and 2019.

As reported by local mediaVenezuelan private banks such as Banesco, Banplus, BBVA Provincial and others remain on the Binance P2P platform list.

The recent growing awareness of the inclusion of sanctioned banks in cryptocurrency P2P payment options emerged last week when the Wall Street Journal revealed the presence of Tinkoff Bank and Sberbank among the transfer modes on Binance. On the same day, Tinkoff and Sberbank disappeared from Binance’s P2P platform. left the options marked with “yellow” and “green” colorsReflecting the colors of the respective brands. On August 25, reporters confirmed that, citing a Binance spokesperson, sanctioned banks have been completely delisted.

On August 28, two other major exchanges, OKX and Bybit, Adopted the same policy as BinanceWe exclude sanctioned Russian banks from payment options.
Translation of Walter Rizzo