- Paysafe says it made decision following ‘strategic review’
- Binance is contending with regulatory probes, lawsuits
The Binance website
Photographer: Gabby Jones/BloombergUpdated on
Binance Holdings Ltd. will lose access to euro-denominated bank transfers to and from its cryptocurrency exchange via banking partner Paysafe Ltd., the latest in a recent string of blows to its business in Europe.
Paysafe will no longer support bank transfers of euros to and from Binance via the Single Euro Payments Area network from Sept. 25, according to a spokesperson for the world’s largest crypto exchange.
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Binance Dropped by Paysafe for Euro Deposits and Withdrawals
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