Credit card payment processor Checkout.com has terminated its relationship with Binance amid myriad regulatory actions and inquiries from partners. The termination became effective on Thursday.

In response, Binance said it disagreed with Checkout.com’s reasons and was considering legal recourse. The termination follows a decision from Paysafe, another European provider, to end dealings with Binance.

Checkout.com Starts and Ends Relationship in Similar Circumstances

According to a Binance spokesperson, the ending of its deal with Checkout would have “no impact on our services.” Despite Checkout’s claims, the exchange’s spokesperson said it had come a long way in building a robust compliance program.

Irrespective, Binance still faces a lawsuit from the US Securities and Exchange Commission (SEC) accusing it of deceiving regulators and mishandling customer funds. The exchange also faces a probe from French authorities over “aggravated” money-laundering charges and was forced to exit several regions after failing to meet compliance standards.

Its partnership with Ch

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Author: David Thomas

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