Binance P2P removes sanctioned Russian banks from payments list By Cointelegraph

Crypto exchange Binance has removed “yellow” and “green” payment options from its peer-to-peer (P2P) service after being criticized for using these code words to represent sanctioned Russian banks, Cointelegraph confirmed on Aug. 25.

Binance’s peer-to-peer exchange service is a message board allowing users to offer to buy or sell cryptocurrency. It also functions as a crypto escrow service. However, unlike Binance’s main exchange platform, it leaves fiat payments to be handled by users, and no fiat money passes through Binance’s servers.