3 ms·
> All Polish banks refuse USD/EUR wires or reverse card charges/payments from Binance. How is that the fault of Binance?
by tommek4077 4y ago
> All Polish banks refuse USD/EUR wires or reverse card charges/payments from Binance.
How is that the fault of Binance?
- totalZero 4y agoHow is it not? Their relationship with banks is a direct result of their willingness to demonstrate regulatory compliance, and that appears not to have been a priority for Binance until just a few days ago. https://www.binance.com/en/blog/ecosystem/binance-moves-forward-with-local-development-and-regulatory-compliance-in-poland-1233996135851733478 https://www.binance.com/en/blog/ecosystem/binance-moves-forw...
- rchaud 4y agoWhen offering financial services in a country, it behooves the vendor to set up a relationship with a local bank. Any legitimate money services business will do this, because otherwise they wouldn't get a single customer. Crypto exchanges don't seem to have this issue because they know their customers are trying to dodge taxes anyway, so they can claim that obstacles to off-ramping to fiat (like having no banks to work with) are a feature.