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MasterCard Axes Partnership With Binance I Waenga Nga Pehenga Whakahaere
The crypto space is in pandemonium after MasterCard, a global payment service giant, announced the imminent termination of its services and alliance with the Binance whakawhitinga crypto.
Mastercard To Sever All Ties To Binance
Binance, the world’s largest cryptocurrency exchange by trading volume, is facing new challenges that could impact its reputation and growth rate. According to pūrongo, Mastercard will discontinue its services on Binance, ending a years-old relationship and crypto cards programs starting Friday, September 22.
Ko te take mo te whakamutu ohorere kaore ano kia whakamaramahia e Mastercard. Ko etahi i kii i nga korero o mua regulatory challenges and lawsuits Binance kua whakaekea mai i tenei tau.
Binance has refrained from making any comments regarding the reason for the suspension or who initiated the decision first. However, the crypto exchange has reassured users around the globe, stating that their Binance accounts are not affected by the news and they can continue their crypto transactions per usual.
"Binance accounts around the world are not affected. Where available, users can also shop with crypto and send crypto using Binance Pay, a contactless, borderless, and secure cryptocurrency payment technology designed by Binance, " Binance i korerotia.
Tuhinga ka whai mai Binance have been working together as partners for about four years. Around August 2022, they both joined hands to initiate debit card programs for four major countries, allowing users in Brazil, Argentina, Colombia, and Bahrain to have access to cryptocurrency assets via their Mastercards linked to a cryptocurrency wallet.
Binance first partnered with Mastercard to launch utu kāri crypto i Brazil me Amerika Latina i te timatanga o 2023. Na te whakawhitiwhiti crypto i hanga he panui pera me te whakarewa i nga kaari crypto utu-mua i Argentina i Akuhata 2022.
Ko nga Kamupene Ratonga Putea ka wehe i muri i te whakawakanga a SEC
Binance has been in a legal battle with the United States Securities and Exchange Commission (SEC) since June when the SEC sued the crypto exchange for allegedly offering unregistered securities. The regulator further attempted to whakatio katoa Binance taonga stating that the crypto exchange was operating a “web of deception” and filing 13 charges against Binance.
Mai i taua wa, Binance has been facing regulatory hurdles and industry challenges with many companies ending year-long partnerships and the Ko te utu nui o BNB te heke iho hei hua.
Ko te whakawhitinga moni crypto kua mutu te maha o nga kaupapa i roto i te marama kotahi me te whakatutuki nga whakataunga nui i muri i nga Ture a te SEC.
Aita i maoro a'e, Binance shut down all cryptocurrency service operations on its official fiat-to-cryptocurrency payments provider, Binance Connect. The cryptocurrency exchange also ka mutu tana mahi tahi me Checkout.com, he ratonga utu mo te ao, i muri i te whakamutu a te Tumuaki o Checkout i tana kirimana i tenei marama.
Visa, another payment service giant, also cut ties with Binance in July and stopped supplying co-branded cards with Binance i Europe.
At the moment, it is unsure what the outcome of the SEC and Binance case would be. However, the results will undoubtedly impact the crypto industry and financial sector.
Kuputuhi taketake: NewsBTC