Credit card payments processor Checkout.com has terminated its relationship with Binance, the world’s largest cryptocurrency exchange. Checkout.com cited concerns over Binance’s alleged issues with anti-money laundering, sanctions, and compliance controls, as well as reports of regulatory actions and inquiries from partners. Binance, however, disagrees with the termination and is considering legal action. This comes after the US Securities and Exchange Commission filed charges against Binance and its CEO for various allegations. Binance has also recently shut down its crypto payments service, Bifinity, and disabled its Binance Connect service.
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