After Visa, Mastercard, and AmEx led the way to suspend operations in Russia, it seems a matter of time before most DEX and financial services companies stop accepting transactions derived from the country.
on Sunday that it had blocked more than 25,000 wallet addresses “related to Russian individuals or entities we believe to be engaging in illicit activity,” but at the time of publication has not publicly addressed the credit card ban.
Following the change in the companies’ policies, average Russians using Visa or American Express credit cards abroad or within the country would seemingly no longer be able to use them for everyday transactions. Cards from Mastercard issued by Russian banks will no longer be supported by the company’s network, while those issued by other foreign banks “will not work at Russian merchants or ATMs.”
"We don't take this decision lightly," said Mastercard, which has operated in Russia for more than 25 years.a statement on Sunday saying both Mastercard and Visa cards would “continue to operate in Russia as usual until their expiration date,” with users able to use ATMs and make payments.
Though the companies did not provide an exact timeline on when operations would cease entirely, at least one cryptocurrency exchange warned users of the change, which is likely to affect many Russian users. On Tuesday, Binance starting on Wednesday, the exchange would no longer be able to take payments from Mastercard and Visa cards issued in Russia — the company doesn’t accept American Express.
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