![]() ![]() Similar warnings have been emitted against the exchange in the Cayman Islands. ![]() In June, the exchange announced that it would no longer serve Ontario-based users after the Ontario SEC took legal action. Last week, Thailand Securities and Exchange (SEC) announced it had filed a criminal complaint against the exchange for unregistered operations. Binance Spokesperson commented: We are disappointed that Barclays appears to have taken unilateral action based on what appears to be an inaccurate understanding of events. Last month FCA issued a consumer warning that “Binance Market limited is not permitted to undertake any regulated activity in the U.K.” Barclays’ decision to stop facilitating British customers’ payments to Binance has been met with criticism by the cryptocurrency exchange. Moves come two weeks after the Financial Conduct Authority (FCA) crackdown on Binance. This action will not impact the ability of customers to withdraw funds from Binance. “With this in mind, we’ve taken the decision to stop payment made by credit/debit card to Binance until further notice, to help keep your money safe”. “It’s our responsibility to help protect your money,” tweeted Barclays. With this in mind we’ve taken the decision to stop payments made by credit/debit card to Binance until further notice, to help keep your money safe. Binance faces being further pushed out of Britain’s financial system after Barclays blocked its UK customers from transferring money to the cryptocurrency exchange. Read this Term exchange, such a market “is neither regulated nor subject to supervision” in the country.Hi there, It’s our responsibility to help protect your money. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw ![]() Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. Recently, the Polish Financial Supervision Authority (UKNF) issued a warning about Binance, noting that as Binance Markets Limited is a Cryptocurrenciesīy using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. 2023 Digital Banking Trends and the Future of Banking.Binance Taps TradingView for Spot Trading Integration.Moreover, a spokesperson from the British bank clarified: “This action does not impact on the ability for customers to withdraw funds from Binance.” This is to help keep your money safe,” the warning noted. “As you’ve made a payment to Binance this year, we wanted to let you know that we’re stopping payments made by credit/debit card to them until further notice. According to the Financial Times, Binance expressed its disappointment on Santander UK’s decision, as it argued that the firm takes compliance measures with its users 'very seriously'.Įarly this week, Barclays sent an SMS notification to its customers about the decision to temporarily suspend all the card transactions going to Binance from the United Kingdom. In recent months we have seen a large increase in UK customers becoming the victims of cryptocurrency fraud.” Still, the bank will allow customers to withdraw money from the exchange without issues so far. In an email sent to customers on Thursday, Santander UK said: “Keeping our customers safe is a top priority, so we have decided to prevent payments to Binance following the FCA’s warning to consumers. The manoeuvre comes in the wake of the UK Financial Conduct Authority's (FCA) ban on the crypto company to operate within the British territory. Customers of Barclays reportedly received a text message from the bank informing them that they would be halting all payments to Binance until further notice. Read this Term to Binance, a major cryptocurrency exchange, joining Barclays in the campaign to prevent customers from sending money to the firm. British banking giant Barclays is now blocking transactions between its customers and global crypto exchange Binance. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. Santander UK, a British bank owned by the Spanish Santander Group, has decided to block all retail Payments ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |