Crypto on/off-ramp and merchant services consolidate as the adoption and regulatory trends drive positive sentiment

In addition to its other compliance-based troubles, Binance is also under investigation in connection with possible violations of the U.S. sanctions on Russia. Local observers report on interesting ways the exchange circumvents the restrictions.

Binance Connect, fiat-to-crypto on- and off-ramps service provider, was shut down on August 16, adding to the list of drawbacks for the group.