Binance considers pulling back from US partners: report

Cryptocurrency exchange giant Binance is considering ending relationships with US business partners, Bloomberg News reported on Friday, citing a person familiar with the matter.

The company is weighing the retreat after its relationships with a key banking partner and stablecoin issuer ran into trouble amid intense scrutiny from authorities, the report said.

Binance did not immediately respond to a Reuters request for comment.

The company is also reassessing venture capital investments in the United States, the report said, adding that the exchange would consider de-listing tokens from any firms based in the country, like Circle’s stablecoin USD Coin.