Binance, a leading cryptocurrency exchange, has announced that its crypto debit card will no longer be available in Latin America and the Middle East from September 21. The card allows users to use their digital assets for everyday transactions and is accepted at a network of over 60 million merchants globally. Binance clarified that the service suspension would only affect a small portion of its users in the markets.In addition, Binance has launched its Binance Pay services in Brazil. Binance Pay is a free, contactless, borderless, and secure cryptocurrency payment option supporting over 70 cryptocurrencies, allowing users to safely transfer funds between wallets in seconds. The service has reached over 12 million active users, with over $98 billion processed in pay volumes.However, Binance has faced heightened regulatory scrutiny in the United States and other regions. Last week, London-based credit card payment processor Checkout.com cut ties with the exchange, citing its alleged issues with anti-money laundering, sanctions, and compliance controls. Binance had previously shut down its crypto payment service, Bifinity, and disabled its Binance Connect service.
| Information |
Details |
| Geography |
South America |
| Countries |
🇧🇷 |
| Sentiment |
neutral |
| Relevance Score |
8 |
| People |
Guilherme Nazar, Checkout.com |
| Companies |
Binance, Checkout.com, CryptoSlate, Bifinity, Binance Connect |
| Currencies |
Bitcoin, Ethereum, Binance Coin, USD, BRL |
| Securities |
None |
