Binance Abandons Sberbank and Tinkoff Names

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Binance, which has an internal peer-to-peer platform, had replaced the Sberbank and Tinkoff card names with “green” and “yellow” respectively.

The Tinkoff tab still remains available on the drop-down list of payment systems.

On August 22, The Wall Street Journal, citing sources, reported that the US Department of Justice was investigating the platform to check for possible violations of US sanctions against Russia.

According to Binance, the exchange is in compliance with global sanctions and has “no connections with banks in the context of P2P services.”

Back in May, reports arose of the US Department of Justice and Department of Homeland Security investigating the Binance Holdings Ltd.’s parent company for potential sanctions violations.