Binance urges users to convert euros to USDT after Paysafe debank
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Crypto exchange Binance has urged users to convert their euros into Tether (
The move is the latest to add to Binance’s regulatory and debanking woes in the West.
Paysafe also pulled support for transactions in British pounds in May following concerns raised by United Kingdom financial regulators over the partnership.
In June, Binance announced its departure from the Netherlands, and within a week, officials in Belgium ordered the exchange to halt its services. However, on Sept. 26, it was announced that new registrations from Belgian residents had reopened.
