Binance Pauses Withdrawals for Ukrainian Users via Cards

TLDR

• Direct withdrawals via cards suspended for Ukrainian users.
• Users can still trade and use P2P services.
• Regulatory changes align with EU’s MiCA standards.

Binance has temporarily paused direct withdrawals via Visa and Mastercard bank cards for Ukrainian users. This change, starting December 29, 2025, is due to adjustments in its fiat services provided by Bifinity UAB, a response to Ukrainian regulatory pressures.

The suspension affects only those Ukrainian users who previously utilized Bifinity for card transactions. Recently, Ukrainian authorities suspended hryvnia-based card transactions on crypto exchanges, prompting Binance to suspend its services.

Impacts on Ukrainian Users

Binance users in Ukraine are now limited to peer-to-peer (P2P) trading, Swift, and alternative payment systems like Apple Pay or Google Pay for deposits and withdrawals. Users who relied on direct fiat off-ramps via Visa or Mastercard must adapt to these alternatives.

Trading on Binance remains unaffected. According to official statements, users can still trade, deposit, and utilize internal products without disruptions to cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH).

Regulatory Changes and their Implications

Ukraine’s evolving regulatory landscape necessitates these changes. The alignment with the European Union’s Market in Crypto-Assets (MiCA) standards, through the proposed Bill No. 10225-d, influences these restrictions.

No official statements indicate any financial impacts, grants, or institutional allocations resulting from the recent suspension. Binance’s prior U.S. settlements and global challenges show the ongoing scrutiny faced by the exchange.

Bifinity UAB’s Role and Projected Transition

Bifinity UAB, as Binance’s fiat service provider, plays a key role in this development. Notices from Bifinity previously indicated a transition to other providers by the end of 2025, with a noted pause by Zen.com until January 6, 2026.

While Bifinity executives’ past roles or history are not detailed, the transition reveals an adjustment phase within the fiat gateway operations in response to regulatory demands.

Future Developments in Crypto Compliance

This situation has not yet seen significant reactions from key crypto industry figures. Binance has urged affected users to leverage its P2P services, ensuring continued access to trading activities amid these transitions.

Looking forward, the industry’s adaptation to compliance with MiCA standards and the bill changes will likely shape the regulatory measures faced by crypto exchanges operating in the region and beyond.