Checkout.com terminates Binance support over AML concerns: report

2023-8-18 18:39

Credit card processor Checkout.com cuts ties with Binance over AML concerns. Binance is reportedly considering legal action, Forbes said in a report published August 18. Binance recently announced it was shutting down its regulated buy-and-sell crypto arm Binance Connect.

Checkout.com, the UK-based payments processor that has been one of the biggest payments partners for Binance, has reportedly ended its relationship with the crypto exchange giant.

A report published by Forbes on August 18 indicated that the London-based firm informed Binance of the move this week, having sent letters to that effect on August 9 and 11. In the letters, Checkout.com cites the various regulatory actions against the crypto company and overall concerns over anti-money laundering (AML) compliance.

The termination, which took effect on August 17, was communicated to Binance by Checkout CEO Guillaume Pousaz, Forbes reported.

Binance is considering legal action following Checkout’s decision, the exchange said via a statement attributed to spokesperson Dewi Mustajab. The crypto giant says the withdrawal by Checkout.com will not impact its services.

Binance recently shut Binance Connect

The development comes shortly after Binance, as CoinJournal reported earlier this week, announced it was shutting down a Checkout-supported unit dubbed Binance Connect. The regulated buy-and-sell platform supported crypto payments for businesses.

Elsewhere, PaySafe, one of Europe’s leading payments providers, also ended its partnership with Binance in June. 

Notably, Binance launched its fiat-to-crypto payments provider, Bifinity, in March 2022. The company was unveiled in partnership with both PaySafe and Checkout.com.

The post Checkout.com terminates Binance support over AML concerns: report appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 663.82 (-0.33%)
Объем 24H $1.123b
Изменеия 24h: -0.63 %, 7d: -7.46 %
Cегодня L: $652.14 - H: $668.43
Капитализация $95.595b Rank 5
Цена в час новости $ 216.53 (206.57%)

binance concerns report checkout aml announced august

Источник: coinjournal.net

binance concerns → Результатов: 126


Фото:

Embattled Signature Bank Caps SWIFT Access For Binance, Raising Concerns

A recent update by Binance has revealed that Signature Bank, a major SWIFT gateway service provider, will partially terminate access to Binance customers starting in February. The update sent by Binance, which a customer tweeted, read thus:  “The banking partner that serves your account has advised that they are no longer able to process SWIFT […]

2023-1-26 23:45


Binance Is The Primary Caretaker Of Crypto: Launches Free Online Courses

The world’s largest cryptocurrency exchange, Binance, is launching a series of free online courses to educate millions of people about blockchain technology, digital currency, and the web3. Binance’s Focus On Community Is Undeniable – First Recovery Fund, Now Free Eduction In response to concerns about the spread of FTX, Binance has established a fund to […] The post Binance Is The Primary Caretaker Of Crypto: Launches Free Online Courses appeared first on CaptainAltcoin.

2022-11-18 18:19


Binance CEO shocked by NFT Activity

In a recent interview, the CEO of Binance expressed shock over the growth of the NFT space; and expressed some concerns over its future Binance in the NFT Ecosystem Binance is a household name in the world of crypto-related assets, and as one of the largest crypto marketplaces worldwide, this company is involved in a […] The post Binance CEO shocked by NFT Activity appeared first on NFT News Today.

2022-4-5 05:01


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

UK aims for balanced crypto regulation with FCA-led consultation

The UK Financial Conduct Authority (FCA) has initiated a public consultation aimed at refining regulations for crypto, according to a Dec. 16 statement. The initiative signals the FCA’s commitment to crafting a balanced framework that nurtures innovation while addressing risks in the crypto sector.

Ex-Binance employee sues exchange after whistleblower bribery claim

Amrita Srivastava alleges she was dismissed from Binance a month after she informed managers about the bribery in April 2023 Lawyers for Binance claim Srivastava was dismissed due to “poor performance” A former senior executive at Binance has filed a lawsuit against the company’s UK section for unfair dismissal after raising concerns about an alleged […] The post Ex-Binance employee sues exchange after whistleblower bribery claim appeared first on CoinJournal.

UK gambling industry escapes feared tax hikes in Autumn Budget

The UK gambling industry breathed a sigh of relief on October 30 when the Autumn Budget spared it from significant tax increases. Leading up to the announcement, concerns had mounted over potential tax raids that could have reshaped the sector, particularly for brick-and-mortar betting shops and online gambling operators. Concerns of tax hikes: two rumoured […]

Crypto exchange Bitget returns to UK with compliance-focused strategy

Cryptocurrency exchange Bitget has resumed its services in the United Kingdom after a six-month suspension, marking a return in line with the UK’s Financial Promotions Regime. Bitget’s renewed presence follows its May decision to halt onboarding new users due to updated regulations from the Financial Conduct Authority (FCA).