BNB price slumps as Binance faces another loss over regulatory clampdown in both Europe and the US
BNB price faces another obstacle in its attempt to recover from a stark downswing. A recent notification from Binance to platform users indicates that...
- Binance's EUR banking partner will stop supporting the exchange from September 25.
- This adds to the list of detachments from Cyprus, the UK, the Netherlands, and Belgium.
- Binance Coin (BNB) price is facing obstacles in recovering from a downswing.
- BNB price is down around 25% since June 5 due to negative developments and regulatory clampdown.
- Binance will need to find a new EUR deposits and withdrawals provider.
- Binance's operations in Europe and the US have been affected by regulatory battles.
The article highlights negative developments for Binance, including the loss of a banking partner and regulatory clampdown. The sentiment is predominantly negative.