The digital payment platform Checkout.com has terminated its partnership with Binance due to money laundering and compliance issues

ChainCatcher news, according to Forbes, the digital payment platform Checkout.com terminated its contract with Binance early on August 17 due to concerns over money laundering and compliance issues. Binance stated that it disagrees with Checkout's basis for terminating the contract and is considering legal action. According to sources, Checkout.com has processed approximately $300 million to $400 million in transactions for Binance in recent months.

"Checkout's exit has no impact on our services," said Binance spokesperson Dewi Mustajab. "We have made significant progress in establishing an industry-leading compliance program, and we hope to build more trust with regulators and partners."