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Binance asks users to convert EUR to USDT after Paysafe goes AWOL

Summary by Ground News

Binance exchange announced early Thursday that Paysafe has stopped processing EUR deposits. The crypto exchange asked its users to convert EUR balances into USDT. This move comes as crypto companies face mounting regulatory pressure from regulators across the world. After the collapse of the US-based exchange FTX, Binance has constantly been under regulatory scrutiny.

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Just-In: Binance Advocates Euro-to-USDT Conversion After Paysafe Exit

Following Paysafe’s abrupt termination of Euro deposit services for Binance users, the exchange has swiftly outlined a transition pathway to mitigate disruptions. The sudden decision by Paysafe on September 25 left many in a lurch. However, Binance, known for its robust ecosystem, has initiated measures to lessen the impact on its vast user base. Transition The post Just-In: Binance Advocates Euro-to-USDT Conversion After Paysafe Exit appeared …

2 years ago

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