Binance, the world’s largest cryptocurrency exchange, has removed Banco de Venezuela (BDV) from its list of accepted P2P trading payment methods. This exclusion has caused a stir among Venezuelan digital currency enthusiasts, as BDV is the country’s largest bank, with total assets of 73,222.2 million bolivars, or $4,186.5 million, and a 56.1% market share.Currently, only one listing related to BDV is available on Binance’s interface, and it appears to be an oversight rather than an actual offering. Humberto Quevedo, Vice-President of the National Association of Cryptocurrencies (Asonacrip), highlighted the potential implications of this development, as BDV was the only Venezuelan public bank enabled for the direct exchange between USD tether (USDT) and bolivars through Binance.In addition, Binance has announced the discontinuation of its crypto debit card services in Latin America and the Middle East, with the end date set for August 25. Furthermore, Russian participants on the P2P platform are now required to complete trades in the Russian ruble, and Russian nationals based abroad are restricted from key global currencies, including the US dollar, euro, and Turkish lira.

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Information	Details
Geography	South America
Countries	🇦🇷
Sentiment	neutral
Relevance Score	8
People	Humberto Quevedo,
Companies	Binance, Binance USD (BUSD), National Association of Cryptocurrencies (Asonacrip), Banco de Venezuela (BDV), Russian Know Your Customer
Currencies	Ethereum, Tether, Bitcoin, US Dollar, Russian Ruble, bolivar
Securities	None