Binance has notified its clients from the UK that bank withdrawals via the Faster Payments network have been "temporarily suspended," Financial News has learned, citing the exchange's email sent to customers. While the reason behind the suspension remains unclear, this is the second time the exchange is facing with the withdrawals difficulties.
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For example, earlier the exchange suspended euro bank deposits via SEPA. The move came after Barclays, one of the largest British banks by assets, stopped wire transfers to the cryptocurrency exchange with desire to help to keep user's money "safe."
Earlier, the UK Financial Conduct Authority (FCA) banned Binance's UK subsidiary from any regulated activity without prior written approval from the regulator. In the warning, the regulator noted that Binance Markets Limited is part of the Binance Group.
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