Ukraine has paused its planned integration of Binance's crypto payment service into the goverment's official app after backlash by the embattled nation’s crypto community.
That integration is now on hold to “clarify a few moments” first, according to a government minister.
The outrage was prompted by the government’s plans to integrate the service from the world’s largest exchange by volume at a time when Binance continues to do business with Russia, which invaded Ukraine in February. The nation's crypto exchanges don't want a foreign company to provide a service they can do as well. They showed their displeasure by blocking trades of Binance's BNB token on their platforms.
Binance had integrated its know-your-customer (KYC) process into Ukraine's Diia mobile app in late October, local crypto news media Forklog reported. Diia allows Ukrainians to make digital copies of their state-issued documents and government services online.
(by Anna Baydakova)
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