Binance has introduced a new feature that enables users in Pakistan to easily convert USDT (Tether) into PKR (Pakistani Rupee) and withdraw the funds directly to their bank accounts or mobile wallets.
This new service aims to streamline cryptocurrency conversion into fiat currency for users in Pakistan. This feature allows Binance customers to easily log into the app, navigate to “Add Funds,” and select the “Sell” option to convert USDT into PKR. After specifying the desired amount, users can receive their funds via a bank transfer or a mobile wallet, ensuring a convenient withdrawal method. The deposited amount is then transferred to the selected account, and users can track the transaction status directly through the app. This enhancement emphasizes Binance’s commitment to providing a faster and more accessible cash-out experience for cryptocurrency holders in Pakistan.
Similarly, Binance has updated its deposit and withdrawal procedures in Poland to comply with the EU’s MiCA regulations. Starting January 20, users making crypto deposits over 1,000 euros must provide the sender’s full name, country, and exchange details. For withdrawals, users must submit the beneficiary’s full details. Transactions may be delayed or returned if the required information is not provided, and these changes only apply to crypto transfers.
Binance continues to expand its services to meet the growing demand for digital asset liquidity in emerging markets. The exchange has announced the listing of the Official Trump (TRUMP) token, with trading pairs TRUMP/USDC and TRUMP/USDT starting on January 19, 2025, at 08:30 UTC. Deposits can begin two hours prior, and withdrawals will open on January 20, 2025. The TRUMP token has a seed tag for high volatility and requires users to complete a risk-awareness quiz every 90 days. Due to regulatory requirements, trading will be restricted in certain regions, including the U.S. and Canada.
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