Russian Banks Removed from P2P Transactions on Crypto Exchanges
Tinkoff Bank and Sberbank are no longer available for P2PPeer-to-Peer Networks (P2P) networks allow people to connect with each other directly for sharing things - without going through a middleman. More transactions on ByBit and OKX, two major crypto exchanges. This move follows the footsteps of Binance in excluding Russian banks due to international financial sanctions. Local users in Russia can no longer receive fiat money in exchange for their crypto on Tinkoff or Sberbank accounts on OKX and ByBit. Interestingly, OKX still allows users to receive fiat on their accounts from Raiffeisen Bank and the Russian Standard Bank, which are not under sanctions. Despite the supposed removal, some Binance P2PPeer-to-Peer Networks (P2P) networks allow people to connect with each other directly for sharing things - without going through a middleman. More users continue to use ‘the green bank’ as their preferred payment option. Similar situations have been reported for OKX and ByBit as well.
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