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Binance has restored accepting payments via Mastercard

Binance has restored accepting payments via Mastercard

Last year the service was suspended due to problems with regulatory authorities.

Amid regulatory pressure on the company in the US, the organization faced problems in Europe. Binance withdrew applications for licenses in the UK, Austria, Cyprus and announced its exit from the Netherlands.

“After comprehensively reviewing the strict controls and processes Binance has put in place, Mastercard has decided to allow platform-related purchases on its network,” a spokesperson for the exchange said in a statement.

Most of the problems associated with using credit or debit cards in fiat currency on crypto exchanges are related to anti-money laundering regulations.

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