Clear Junction, a FCA regulated financial institution, will no longer be facilitating payments related to Binance. According to an announcement, the company decided to bar services after the Financial Conduct Authority said that the exchange is not permitted to undertake any regulatory activity in the UK.
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"We have decided to suspend both GBP and EUR payments and will no longer be facilitating deposits or withdrawals in favour of or on behalf of the crypto trading platform," the company said.
Earlier in June, Binance faced with a collective pressure after the FCA's warning. As a result, Santander and Barclays notified their customers in the UK they will be blocking payments to Binance. Shortly after, the cryptocurrency exchange itself suspended euro bank deposits via SEPA.
However, Binance notes users can still buy cryptocurrencies via debit or credit cards. It remains unclear, what is the reason for the suspension of one of Europe's key payments networks.
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