Tough luck, Brits: Binance suspends UK deposits, withdrawals

Tough luck, Brits: Binance suspends UK deposits, withdrawals

Perfect timing – we could use another bank run

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.

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.

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...

Binance Halts GBP Deposits and Withdrawals

Binance will cease processing British pound deposits or withdrawals starting May 22. Another casualty of Operation Choke Point 2.0?

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.