BNB price slumps as Binance faces another loss over regulatory clampdown in both Europe and the US

FXstreet
FXstreet

29 Jun 2023 1:53 AM

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.

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You May Ask

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