Binance’s Visa Debit Card in Europe to End by December

Binance has announced the impending closure of its
Visa debit card services in the European Economic Area (EEA), set to take
effect on Dec 20, 2023. This decision, outlined in an official announcement on
Oct 20, will not affect Binance accounts.

The move comes as the cryptocurrency exchange
grapples with regulatory pressures and challenges, reflecting a broader trend
in the cryptocurrency industry. The card issuer, Contis Financial Services,
will halt the issuance of the Binance card. Contis is an electronic money
institution and currency exchange operator owned by Solaris Group.

“Your Binance accounts are not affected,”
the crypto exchange
Exchange

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv

An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term stated. “Holders of the Binance Visa Debit Card issued
under the EEA program will have until Dec 20, 2023, 00:00 (UTC+0) to use their
cards, after which card purchases will no longer be possible.”