MasterCard Axes Partnership With Binance Amid Regulatory Pressures

MasterCard Axes Partnership With Binance Amid Regulatory Pressures
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 crypto exchange.   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 reports, Mastercard will discontinue its services on Binance, ending a years-old relationship and crypto cards programs starting Friday, September 22.  Related Reading: Is Binance Really Selling Bitcoin To Prop The Price Of BNB? The reason for the abrupt termination has not been clarified by Mastercard. Some have attributed the news to the recent regulatory challenges and lawsuits Binance has been up against since this year.  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 ..

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