This still isn't what the exchange operator wanted to hear, but it's not necessarily a calamity. With effect from today, Barclays intends to stop. Binance Markets Limited is legally separate and has "not yet launched" its UK business, the company said. bank Barclays said Monday it is blocking customers from using their debit and credit cards to make payments to crypto exchange Binance. Update 6/27 2:55PM ET: Binance told Engadget this shouldn't have a direct effect on activity through its main website. Binance Update (February 17, 2022): Binance Resumes GBP bank transfers via Paysafe only for the verified users who have completed their account verification completely. It's not clear how easily Binance can address its situation, but it's under more than a little pressure to act quickly. At the time Binance said it was disappointed and disheartened by the SEC complaint and called the CFTC lawsuit unexpected and. The FCA's crackdown could not only limit trading in a major market, but hurt the company's reputation. Binance has said it would dispute both suits from US regulators. customers’ debit and credit payments to the crypto exchange Binance. Binance is one of the largest crypto exchanges on the planet, with locations around the world and an industry-leading trading volume of about $2.46 trillion as of May 2021. The British bank Barclays said in an emailed statement Tuesday to Payments Dive that it was halting U.K. In the past, it said it took regulatory obligations "very seriously" and was "committed" to honoring the rules wherever it operated. The watchdog didn't say just why it blocked Binance, but noted that an "imposition of requirements" kept Binance from operating.īinance has until June 30th to confirm that it's honoring the FCA's demands.Įngadget has asked Binance for comment. The Financial Times reports that the UK's Financial Conduct Authority has banned the major crypto exchange Binance from conducting regulated activity in the country, including Binance Markets Limited and its parent Binance Group. many Hotel h10 salou princess tripadvisor, Binance buy bitcoin fees, Things remembered fairview mall, Robin hoods bay hotels. Cryptocurrency just faced another obstacle in the quest for government acceptance.
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