Binance’s European banking partner, Paysafe, to end support.

Paysafe Payment Solutions, Binance’s European banking partner, will no longer offer its embedded wallet solution to the U.S. cryptocurrency exchange across the European Economic Area (EEA) from Sept. 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.

Binance confirmed the news and said it would change the banking provider for euro deposits and withdrawals through the Single Euro Payments Area (SEPA), but did not reveal any details about the new partner.

“Binance will provide more information in due course,” a company spokesperson said.

Binance typically accesses SEPA via payment intermediaries.

In the meantime, all methods of depositing and withdrawing other fiat currencies as well as buying and selling crypto on Binance.com will remain unaffected, the spokesperson added.

Paysafe’s decision comes at a time when Binance is facing scrutiny from regulators keen to clamp down on money laundering.

Earlier this month, Binance and its U.S. affiliate entered an agreement with the Securities and Exchange Commission to ensure U.S. customer assets remain within the country until a sweeping lawsuit filed by the regulatory agency is resolved.

Binance tied up with Paysafe last year to allow its users to deposit sterling via Faster Payments, a network that oversees payments and bank account transfers in Britain.

(Reporting by Rishabh Jaiswal in Bengaluru; Additional reporting by Rahat Sandhu, Yana Gaur, Anirudh Saligrama and Jyoti Narayan; editing by Sherry Jacob-Phillips, Jason Neely and Shinjini Ganguli)

Democrats accuse anyone questioning the 2020 election of being conspiracy theorists, but a few years ago these same Democrats warned we couldn’t trust our voting systems.

The latest GDP data released today shows that the economy experienced higher-than-expected growth, reaching 2% in the first quarter.

The President continues to promote his ‘Bidenomics’ and mentions that inflation has come down from its record-breaking high about a year ago, but it remains high.

Sound of Freedom, a moving exposing child trafficking is set to hit theaters on July 4th. The movie is based on a true story. One America’s Stella Escobedo spoke with the film producer and actor, Eduardo Verástegui .

The Supreme Court issues a highly-anticipated ruling eliminating race-based college admissions programs. One America’s Stella Escobedo spoke with Mitch Kokai, senior political analyst at the John Locke Foundation, about the decision.

LONDON (Reuters) – Norwegian robotics firm AutoStore said on Thursday it will appeal a London high court judgement in March which dismissed…

(Reuters) -Asset manager Fidelity is once again seeking to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded…

WASHINGTON (Reuters) -Canada’s Department of Justice has concluded that Microsoft’s deal to buy “Call of Duty” maker Activision Blizzard “is likely to”…

By Daniel Ramos LA PAZ (Reuters) -Bolivia has signed lithium agreements with Russian state nuclear firm Rosatom and China’s Citic Guoan Group,…