London-based credit card payment processor Checkout.com has severed ties with Binance, the world’s largest cryptocurrency exchange, according to a spokesperson. The termination, which came through two letters sent earlier this month, was revealed in a report from Forbes and later confirmed by TechCrunch.
Checkout.com, valued at $40 billion as of January 2022, cited concerns stemming from “reports of regulators actions and orders in relevant jurisdictions” as well as “inquiries from partners” as reasons for the termination. The letters also highlighted worries over Binance’s alleged issues with anti-money laundering, sanctions, and compliance controls.
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