{"id":83326,"date":"2023-08-20T16:25:48","date_gmt":"2023-08-20T13:25:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=83326"},"modified":"2025-09-12T10:28:33","modified_gmt":"2025-09-12T07:28:33","slug":"checkout-com-halts-cooperation-with-binance-amid-regulatory-concerns","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/checkout-com-halts-cooperation-with-binance-amid-regulatory-concerns\/","title":{"rendered":"Checkout.com halts cooperation with Binance amid regulatory concerns"},"content":{"rendered":"

On 17 August, Checkout.com’s digital payments platform halted its cooperation with the cryptocurrency exchange Binance. The news was reported by Forbes<\/a>.<\/p>\n

Chief executive Guillaume Pousaz cited “regulatory actions and directives in the relevant jurisdictions” and “requests from partners.” He also voiced additional concerns over anti-money-laundering controls and sanctions.<\/p>\n

The exchange said it did not agree with the former partner’s grounds for termination and is considering pursuing a lawsuit. A Binance spokesperson added that the situation would not affect Binance’s services.<\/p>\n

16 August, the company shut down<\/a> the fiat-to-crypto exchange platform Binance Connect (Bifinity). According to Forbes sources, in recent months Checkout.com processed Binance transactions totaling $300-400 million. In 2021, the cryptocurrency exchange was the platform’s largest client, with around $2 billion per month, the publication’s source added.<\/p>\n

Earlier, Paysafe Payment Solutions announced<\/a> that it would stop servicing Binance from 25 September. Bifinity was launched<\/a> in March 2022 in partnership with Checkout.com, Paysafe and other partners.<\/p>\n

In March 2023, CFTC<\/span> filed<\/a> a civil suit against Binance. The agency contends the exchange traded derivatives without proper registration.<\/p>\n

In June, the SEC<\/span> filed<\/a> charges against Binance and its chief Changpeng Zhao, with the regulator bringing a total of 13 counts.<\/p>\n","protected":false},"excerpt":{"rendered":"

On 17 August, Checkout.com’s digital payments platform halted its cooperation with the cryptocurrency exchange Binance.<\/p>\n","protected":false},"author":1,"featured_media":83327,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744],"class_list":["post-83326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=83326"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83326\/revisions"}],"predecessor-version":[{"id":83328,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/83326\/revisions\/83328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/83327"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=83326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=83326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=83326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}