Binance’s European Banking Partner Paysafe
Paysafe Payment Solutions, Binance’s European banking partner, announced on Thursday that it will cease offering its embedded wallet solution to the US cryptocurrency exchange across the European Economic Area (EEA) on September 25.
“Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few months,” Paysafe said in a email to Reuters.
According to CoinDesk, Binance will change the provider for euro deposits and withdrawals via the Single Euro Payments Area (SEPA), while the current partner — Paysafe — will no longer provide these services to Binance users.
The report comes as Binance is being investigated by regulators looking to crack down on money laundering.
(With inputs from Shikha Singh)
You need to login in order to Like
