{"id":1960910,"date":"2023-06-29T19:44:02","date_gmt":"2023-06-29T23:44:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/binances-european-banking-partner-paysafe-to-withdraw-support\/"},"modified":"2023-06-29T19:45:22","modified_gmt":"2023-06-29T23:45:22","slug":"binances-european-banking-partner-paysafe-to-withdraw-support","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/binances-european-banking-partner-paysafe-to-withdraw-support\/","title":{"rendered":"Binance&#8217;s European banking partner, Paysafe, to end support."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbinances-european-banking-partner-paysafe-to-withdraw-support%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1960910&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p><strong>Paysafe Payment Solutions, Binance\u2019s European banking partner, will no longer offer its <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/binances-european-banking-partner-paysafe-to-withdraw-support\/\" title=\"Binance's European banking partner, Paysafe, to end support.\">embedded wallet solution<\/a> to the U.S. cryptocurrency exchange across the European Economic Area (EEA) from Sept. 25.<\/strong><\/p>\n<p><strong>\u201cPaysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few months,\u201d<\/strong> Paysafe said in a email to Reuters.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p><strong>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.<\/strong><\/p>\n<p><strong>\u201cBinance will provide more information in due course,\u201d<\/strong> a company spokesperson said.<\/p>\n<p><strong>Binance typically accesses SEPA via payment intermediaries.<\/strong><\/p>\n<p><strong>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,<\/strong> the spokesperson added.<\/p>\n<p><strong>Paysafe\u2019s decision comes at a time when Binance is facing scrutiny from regulators keen to clamp down on money laundering.<\/strong><\/p>\n<p><strong>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.<\/strong><\/p>\n<p><strong>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.<\/strong><\/p>\n<p> (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)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/binances-european-banking-partner\/attachment\/file-photo-illustration-shows-binance-logo\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Democrats accuse anyone questioning the 2020 election of being conspiracy theorists, but a few years ago these same Democrats warned we couldn\u2019t trust our voting systems.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>The latest GDP data released today shows that the economy experienced higher-than-expected growth, reaching 2% in the first quarter.<\/strong><\/p>\n<p><strong>The President continues to promote his \u2018Bidenomics\u2019 and mentions that inflation has come down from its record-breaking high about a year ago, but it remains high.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>Sound of Freedom, a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/election-integrity\/\" title=\"Ensuring fair elections.\">moving exposing child trafficking<\/a> is set to hit theaters on July 4th. The movie is based on a true story. One America\u2019s Stella Escobedo spoke with the film producer and actor, Eduardo Ver\u00e1stegui .<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>The Supreme Court issues a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/france-deploys-40000-officers-to-quell-riots\/\" title=\"France sends 40,000 officers to end riots.\">highly-anticipated ruling eliminating race-based college admissions programs<\/a>. One America\u2019s Stella Escobedo spoke with Mitch Kokai, senior political analyst at the John Locke Foundation, about the decision.<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>LONDON (Reuters) \u2013 Norwegian robotics firm AutoStore said on Thursday it will appeal a London high court judgement in March which dismissed\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>(Reuters) -Asset manager Fidelity is once again seeking to list and trade shares of its Wise Origin Bitcoin Trust spot bitcoin exchange-traded\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>WASHINGTON (Reuters) -Canada\u2019s Department of Justice has concluded that Microsoft\u2019s deal to buy \u201cCall of Duty\u201d maker Activision Blizzard \u201cis likely to\u201d\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Daniel Ramos LA PAZ (Reuters) -Bolivia has signed lithium agreements with Russian state nuclear firm Rosatom and China\u2019s Citic Guoan Group,\u2026 <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>weeks,\u201d Paysafe said in a statement. The decision comes after regulatory concerns surrounding Binance&#8217;s operations in various countries. Paysafe aims to ensure a smooth transition for users and comply with regulatory requirements. Binance will continue to explore alternative solutions to serve its European customers effectively.<\/p>\n","protected":false},"author":66,"featured_media":1960911,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1960910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1960910","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1960910"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1960910\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1960911"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1960910"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1960910"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1960910"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}