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 <p class="is-style-lead">Saulius Galatiltis, CEO of a Binance crypto-to-fiat <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a> affiliate, has stepped down in an ongoing exodus of executives from the digital asset titan.</p>
 <p>Galatiltis served as Bifinity’s chief executive from January 2022 to October 2023, per his LinkedIn profile. The Lithuania-based <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a> <a rel="noopener noreferrer nofollow" title="processor" href="https://thebittimes.com/tag/processor.html">processor</a> allowed customers to convert their fiat currencies into crypto tokens on Binance’s exchange, focusing on European users.&nbsp;</p>
 <p>This is the latest departure from Binance-related entities as of Oct. 19 following a lawsuit from the U.S. Securities and Exchange Commission (SEC) alleging securities fraud. The suit indicted Binance Global, Binance.US, and CEO Changpeng Zhao.</p>
 <p>Binance’s Asia-Pacific director, Leon Foong, left the company on Aug. 31, a few weeks after general counsel Hon Ng and chief strategy officer Patrick Hillmann resigned.&nbsp;</p>
 <p>Stéphanie Cabossioras, Binance France’s Managing Director, stepped down amid regulatory scrutiny aimed at Zhao’s company across multiple jurisdictions in North America, Europe, and Western Africa.</p>
 <p>Binance has reportedly ceased operations or withdrawn license applications in countries like the Netherlands, Germany, and the UK.&nbsp;</p>
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 <p>The crypto exchange heavyweight also resumed operations in Belgium and announced new fiat channels in partnership with unnamed service providers after primary European <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a> <a rel="noopener noreferrer nofollow" title="processor" href="https://thebittimes.com/tag/processor.html">processor</a> Paysafe halted services for Binance users.&nbsp;</p>
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    <p lang="en" dir="ltr">More EUR fiat channels have arrived on #Binance<br><br>We’re proud to announce that we’ve entered into agreements with multiple new EUR partners to provide deposit, withdrawal, and <a rel="noopener noreferrer nofollow" title="payment" href="https://thebittimes.com/tag/payment.html">payment</a> services, making your experience even more seamless.<br><br>Find out more https://t.co/jKh2QxH3sN</p>— Binance (@binance) October 19, 2023
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 <p>Zhao’s company, crypto’s largest centralized exchange by trading volume, remains the subject of an SEC enforcement action.&nbsp;</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/head-of-binance-payment-processor-resigns-tbt67094.html">https://thebittimes.com/head-of-binance-payment-processor-resigns-tbt67094.html</a></p>

Head of Binance payment processor resigns

TheBitTimes

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