{"id":402154,"date":"2022-02-01T15:22:00","date_gmt":"2022-02-01T12:22:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-payment-card-top-priority-for-binance-ukraine-in-2022\/"},"modified":"2022-02-01T15:22:00","modified_gmt":"2022-02-01T12:22:00","slug":"crypto-payment-card-top-priority-for-binance-ukraine-in-2022","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-payment-card-top-priority-for-binance-ukraine-in-2022\/","title":{"rendered":"# Crypto payment card \u2018top priority\u2019 for Binance Ukraine in 2022"},"content":{"rendered":"<p>&#8220;<strong># Crypto payment card \u2018top priority\u2019 for Binance Ukraine in 2022 <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvNWUxODhkZGMtMDgzZS00Nzc3LTk3MzMtNTMyNjgwMWM0ZThmLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Major cryptocurrency exchange Binance continues pushing operations in the Commonwealth of Independent States (CIS) by preparing a new crypto payment card in Ukraine.<\/p>\n<p>Binance is looking to reach a dominant position in the crypto market of Ukraine by offering a wide range of local crypto services, Binance Ukraine\u2019s new <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> manager Kirill Khomyakov <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/forbes.ua\/ru\/inside\/naybilsha-kriptobirzha-svitu-binance-zapustit-v-ukraini-kartu-v-kriptovalyuti-yaki-shche-plani-na-nash-rinok-intervyu-iz-seo-31012022-3433\">said<\/a> in a Monday interview with Forbes Ukraine.<\/p>\n<p>&#8220;Binance card is not yet available for Ukrainian users, but we are actively working on its launch. This is one of our top priorities for 2022,&#8221;\u00a0Khomyakov told Cointelegraph.<\/p>\n<p>Apart from launching a crypto payment card, Binance Ukraine is also pursuing active development of local services related to nonfungible tokens (NFT) and fan tokens. The firm is planning to soon launch a fan token for a major sports team in Ukraine to enable new fan interactions, Khomyakov said.<\/p>\n<p>While Ukraine&#8217;s crypto legislation doesn\u2019t straightforwardly allow payments in cryptocurrencies like Bitcoin (BTC) as these assets are not recognized as legal tender, there is <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>arently still no ban on crypto-derived transactions.<\/p>\n<p>&#8220;Binance card has a balance in cryptocurrencies with no fiat balance required. At the moment of the transaction the amount of the transaction is automatically converted from crypto to fiat,&#8221; Khomyakov said. &#8220;Our local partners ensure that any co-branded products with Binance are provided in 100% compliance with all regulatory rules and requirements,&#8221; he added<\/p>\n<p>Some Ukrainian government officials like Digital Transformation deputy minister Oleksandr Bornyakov also previously pointed out that local laws do not prohibit payments derived from crypto if crypto payment assets are converted into fiat.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Reuters: Binance was withholding information from regulators, repeatedly shunned own compliance department<\/em><\/strong><\/p>\n<p>Some countries like Russia even banned crypto payments, but this didn\u2019t prevent state-backed institutions like the State Hermitage Museum from accepting crypto-derived payments during an online NFT auction supported by Binance.<\/p>\n<p>Binance also previously planned to launch its crypto payment card in Russia despite the local crypto payment ban. After announcing the plan in 2020, Binance has not yet rolled out the product so far.<\/p>\n<p>&#8220;At the moment, the launch of the card in Russia is not a priority,&#8221;\u00a0Binance Eastern European Director Gleb Kostarev told Cointelegraph, adding that the firm is now focused on\u00a0developing a &#8220;regulatory field around cryptocurrencies.&#8221;<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"law_decoded\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/crypto-payment-card-top-priority-for-binance-ukraine-in-2022\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Crypto payment card \u2018top priority\u2019 for Binance Ukraine in 2022 &#8221; Major cryptocurrency exchange Binance continues pushing operations in the Commonwealth of Independent States (CIS) by preparing a new crypto payment card in Ukraine. Binance is looking to reach a dominant position in the crypto market of Ukraine by offering a wide range of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":402155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvNWUxODhkZGMtMDgzZS00Nzc3LTk3MzMtNTMyNjgwMWM0ZThmLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74862,74863,74860,74889,117,70934,70868],"class_list":["post-402154","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-payments","tag-business","tag-regulation","tag-ukraine"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/402154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=402154"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/402154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/402155"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=402154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=402154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=402154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}