Binance begins to allow EU-payments and payments via the SEPA payment network-Exchanges
Binance begins to allow EU-payments and payments via the SEPA payment network-Exchanges
The KRYPTO exchange Binance has teamed up with Paysafe to enable EUR deposits and payments via the SEPA payment network. "The full reopening of the SEPA channels will expand to the markets in due course," said Binance.
Binance resumes SEPA transfers in phases
The Binance cryptocurrency exchange announced on Wednesday that it reopened "EUR bank transfers via SEPA". The company explained:
Binance has teamed up with Paysafe to start the pilot program for deposits and withdrawals in EUR via the SEPA payment network with effect from 01/26/2022 13:00 (UTC).
"Users are selected based on a number of test criteria to take part in the pilot program," added Binance. "The complete reopening of the SEPA channels will expand to the markets in due course."
A person trusted with the matter told Bloomberg that the introduction in Belgium and Bulgaria could begin and possibly be extended to other applications in the coming weeks. Binance suspended transfers via the uniform euro payment room (SEPA) in June last year.
The cryptocurrency exchange was subjected to a precise exam in a number of jurisdiction, including Pakistan , , the USA, Great Britain, South Africa, Australia, Norway, the Netherlands, Hong Kong, Germany, Italy, India, Malaysia, Singapore, Turkey and Lithuania.
In August Binance said that compliance with legal regulations will make top priority. The company moves from a decentralized business model because it develops from a technology company to a financial services company.
At the beginning of this month, Binance went a partnership with a Thai company a A cryptocurrency exchange in Thailand. In principle, Binance has also received The approval of the central bank of Bahrain in December to get a service provider for cryptocurrencies in the country operate.
What do you think that Binance will resume sepa transfers? Let us know in the comment area below.
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