Binance, the world’s largest cryptocurrency exchange in terms of volume, deleted a significant announcement today after sharing it. Due to issues with regulators, Binance is losing some of its business partners. Today’s final announcement was related to this matter. Binance had to delete this announcement recently.
Binance Withdrawal Operations
Paysafe, Binance’s banking partner in Europe, stated today that withdrawal and deposit operations in euros made through the Single Euro Payments Area (SEPA) of the European Union (EU) are still available temporarily, following an erroneous tweet by Binance.
A Paysafe spokesperson confirmed that euro transactions via SEPA would remain valid for Binance customers until September 25th. This was the deadline given by Paysafe to Binance following a “strategic review” in June. Paysafe stated that the service has not been available for new users since June 25th.
The Paysafe spokesperson stated:
“SEPA payment transactions (EUR deposit and withdrawal) will continue to be offered through Paysafe for existing Binance customers until September 25th. The service has not been available for new users of the SEPA service since June 25th.”
In the early hours of the day, Binance’s customer support account on Twitter stated in a now-deleted statement that the payment provider can no longer support Euro withdrawal or deposit transactions via SEPA.
Later, a statement published by Binance’s customer support account on Twitter reiterated the aforementioned end date in September. The account later stated that the message was sent “by mistake.”
