The global crypto exchange has been facing intense regulatory scrutiny. Most of its regulatory issues are in Europe
Binance has urged customers in France to convert their fiat currency on the exchange to crypto. This comes on the heels of the crypto exchange losing its euro banking partner Paysafe.
As part of the partnership, Paysafe provided Binance France with infrastructure for euro deposits and withdrawals via SEPA bank transfers. The companies announced the drawing end of their partnership in June. It expired on September 25 with Binance yet to reveal a new partner.
Speaking on French radio station BFM, a Binance confirmed that the exchange recommended that users convert their fiat to cryptocurrency for free as soon as they could. He added:
“Binance is working as quickly as