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Binance suspends cash payments on its P2P platform in India

Recently, Binance suspended its P2P cash operations in India in order to maintain regulatory compliance.

According to what the source “99Bitcoins” reported, cash transactions were convenient for users in areas with limited banking access.

However, Binance's latest measure aims to mitigate the risks of money laundering and promote a safer trading environment through this measure.

Alternative payment methods:

Global cryptocurrency trading platform Binance has confirmed to its users in the region that alternative payment methods such as bank transfers and digital wallets are still available.