Digital payments platform Checkout.com stopped cooperating with cryptocurrency exchange Binance on August 17, Forbes has reported.
According to Checkout.com CEO Guillaume Pousaz, the decision was made due to "actions and orders in relevant jurisdictions" and "inquiries from partners."
He has also made mention of additional concerns about money laundering and sanctions.
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Binance has reported it disagrees with the company's reasons for terminating the contract and is considering filing a lawsuit. The exchange has added the situation will not affect Binance's services in any way.
Last August 16, the company shut down the fiat-to-crypto exchange platform Binance Connect (Bifinity). According to a Forbes source, Checkout.com has processed $300-400 million in Binance transactions over the past few months.