Binance to shutdown P2P crypto trading for multiple countries, Binance Crypto Withdrawal shut down in 2025

Recently it has been reported that Binance crypto trading exchange is shutting down P2P crypto trading from 31st March 2025. it has been reported that due to Binance’s P2P crypto trading, fraud, financial loss, and scams are taking place in countries across the world, for which only Binance Crypto Exchange is being held responsible. If Binance P2P services are discontinued, other Binance features (e.g., spot trading) might remain accessible. Always prioritize compliance with local laws to avoid account freezes or legal risks. For real-time updates, follow Binance’s official communications. Binance has previously restricted services in jurisdictions like the UK, Japan, and Ontario (Canada) due to regulatory demands. A P2P shutdown would align with this pattern of adapting to legal environments. In countries facing economic instability or capital flight (e.g., Turkey, the US, Argentina), P2P crypto trading is seen as a threat to national currencies. Governments may block access to platforms like Binance to stabilize financial systems, even at the cost of limiting financial innovation. Binance facing warnings for operating without a license. Binance’s CEO says, Binance Crypto Exchange Facing multiple Regulatory Crackdowns, Geopolitical Tensions, Legal Battles, Loss of Financial Freedom, Market Liquidity Crunch, and P2P money laundering or Frauds.

Why is Binance moving to CBDC, Bank Transfer, E-Wallets, digital payment systems, and Crypto brokerage platforms?

Recently it has been reported that due to mica and ia regulations, Binance is now forced to shut down P2P trading. Let me tell you that recently it has also been reported that many accounts are fraudulently running P2P trading, in which the accounts of almost 20% of the crypto traders get frozen. Binance plans to link multiple European banks, Digital Payment Systems, Credit cards, CBDC, and Government-backed international business strategies to count all crypto-transactions to apply taxation and monitor Fraud and Digital Investment. All Governments may enforce strict AML (Anti-Money Laundering) or KYC regulations that Binance’s P2P platform struggles to meet, leading to suspensions (e.g., US, European Union, China, India, Nigeria). Turkey, Nigeria, Malta, the Middle East, and the US have strict financial regulations (e.g., Nigeria, and Turkey) that might target P2P crypto trading to prevent capital flight or currency instability.