Bitcoin

MN Coin

<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Before you reading, did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>
<ul> 
 <li>Recent reports stated that Binance conveyed its desire to end its partnership with Advance Cash via an email to a customer.</li> 
 <li>Binance has stopped P2P transactions with sanctioned Russian banks. The crypto exchange has announced plans to migrate users to its local subsidiary CommEx.</li> 
 <li>The exchange and its CEO have recently pushed back against the CFTC’s allegations, with its legal teams highlighting the regulator’s unconventional approach, particularly regarding anti-trafficking claims.</li> 
</ul> 
<p><strong>Binance, the largest centralized crypto exchange worldwide, has decided to end its partnership with the Central American payment processor, according to recent reports.</strong></p> 
<h2 id="strong-binance-to-terminate-business-with-payment-processor-strong"><strong>Binance to Terminate Business with Payment Processor</strong></h2> 
<p><img decoding="async" loading="lazy" class="alignnone size-full wp-image-127028" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Binance-4.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="Binance" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Binance-4.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Binance-4.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Binance-4.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Binance-4.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Binance-4.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Binance-4.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2023/09/Binance-4.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>Recent reports indicate that Binance, the world’s largest centralized cryptocurrency exchange, has decided to terminate its partnership with the Central American payment processor Advance Cash.</p> 
<p>According to the latest reports, Binance communicated its desire to end the partnership with Advance Cash through an email sent to one of its customers. However, Advance Cash, a Belize-based company known for managing fiat transactions for digital asset players, stated that they have not been informed about this decision yet.</p> 
<p>Among the services offered by Advance Cash was the ability to deposit and withdraw funds in Russian rubles. This partnership was significant as it allowed users to transfer funds directly from sanctioned Russian banks to Binance.</p> 
<p>In addition to these changes, the cryptocurrency exchange is navigating a complex regulatory landscape. The company is distancing itself from different payment processors, especially in Europe and America. This strategy has emerged as part of an ongoing investigation by the U.S. Department of Justice. The department has accused the crypto giant of money laundering, violating sanctions, and potential fraud.</p> 
<p>Furthermore, Binance has ceased peer-to-peer transactions with sanctioned Russian banks. The exchange has announced plans to transition its users to the local subsidiary CommEx. Similar disruptions occurred when organizations like Paysafe ended support for fiat deposits and withdrawals. However, on a positive note, Binance in France managed to secure an extension agreement with Paysafe.</p> 
<h2 id="strong-binance-faces-allegations-of-money-laundering-by-the-ftc-strong"><strong>Binance Faces Allegations of Money Laundering by the FTC</strong></h2> 
<p>Additionally, Binance is under the scrutiny of U.S. regulators. The Securities and Exchange Commission (SEC) filed a complaint alleging violations of federal securities rules against Binance Global, Binance US, and CEO Changpeng Zhao. Zhao, in response, has requested the dismissal of the lawsuit, challenging the regulator’s jurisdiction.</p> 
<p>Moreover, the U.S. Commodity Futures Trading Commission (CFTC) is also involved in this matter. The exchange and its CEO have recently taken a step back regarding the CFTC’s allegations, with their legal teams emphasizing the regulator’s unusual approach in combating money laundering.</p> 
<p>The post <a rel="nofollow" href="https://en.coinotag.com/bitcoin-exchange-binance-ending-partnership-with-payment-processor-here-are-the-details/">Bitcoin Exchange Binance, Ending Partnership with Payment Processor: Here Are the Details!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p> 
<table style="width: 100%; border-collapse:">
 <tbody>
  <tr>
   <td style="width: 100%; text-align: left;"><a href="https://en.coinotag.com/altcoin-exchange-1333421/" target="_blank" rel="noopener"><strong><span style="color: #000000;">Did you missed the PEPE?<span style="color: #e67e22;"> No worries, click here to 100x potential memes!</span></span></strong></a></td>
  </tr>
 </tbody>
</table>

Bitcoin Exchange Binance, Ending Partnership with Payment Processor: Here Are the Details!

Table of Contents

COINOTAG NEWS

Other articles published on Nov 1, 2023

‘Aether’ Layer-1 testnet chain has been successfully launched on THXNET. for its web3 gaming and ...

Bletchley Park Gathers Minds for Global AI Summit with Elon Musk and Sam Altman

Bitcoin crash pre-halving? Stablecoin metric that marked 2019 top flashes warning

Vitalik Buterin Explores the Intricacies of the Ethereum Layer 2s

BTC Price Analysis: Bitcoin Price Swings Amid FOMC, Price Correction Underway?

Investors Flock to VC Spectra and XRP in the Hunt for Triple-Digit Profits

Join our free newsletter for daily crypto updates!