Published 1 year ago

Tough luck, Brits: Binance suspends UK deposits, withdrawals

Summary by Ground News

Binance is suspending all British pound deposits and withdrawals. The exchange already halted U.S. dollar transfers last month. Binance claims that only 1% of its users will be impacted by the change. The company assured that it was working to restart both services as soon as possible.

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CNBC

Bitcoin nears $26,000, and Binance halts UK customer deposits and withdrawals: CNBC Crypto World

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sid Powell, CEO and co-founder of Maple, breaks down what's next for institutions following the demise of the two main banks for the crypto industry.

1 year ago·United States

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Bloomberg

Binance Halts Deposits and Withdrawals for Customers in the UK

Binance Holdings Ltd., the world’s largest crypto exchange, is suspending deposit and withdrawal services via bank transfers and card payments for UK customers after its local banking partner stopped providing support for transactions in British pounds.

1 year ago·United States

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Business Today

Binance halts deposits and withdrawals for customers in the UK

The UK's Financial Conduct Authority (FCA) warned consumers in June 2021 that Binance did not hold "any form" of permission to offer services regulated by Britain.

1 year ago·India

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Gizmodo

Binance Stops Deposits and Withdrawals for UK Customers

On Monday, Binance said it would suspend withdrawals and deposits for anybody using UK currency. The news came after the world’s largest crypto exchange’s banking partner in the UK, Paysafe, said it was abandoning crypto, at least as far as Binance was concerned.Read more...

1 year ago·United States

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