Barclays Blocks Customers From Sending Funds to Binance
Barclays has reported it no longer supports wiring funds to Binance, one of the largest cryptocurrency exchanges in terms of daily volume. The bank announced its issues with wiring funds to Binance in a resolution message to the customers today. The banking giant cites the warning that the Financial Conduct Authority (FCA) issued against Binance last week. The measure affects more than 24 million Barclays customers at a worldwide level. Barclays Blocks Wires To Binance Barclays, one of the leading banking institutions in the UK, announced they would no longer support wiring funds to....
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Barclays clients in the UK can no longer transfer funds to Binance after the bank indefinitely banned credit and debit card transactions to the exchange, according to recent reports. The apparent ban comes roughly two weeks after the UK’s Financial Conduct Authority (FCA) stated that Binance Markets Limited, the firm’s UK operations, was not holding […]
Santander Bank in the U.K. has become the latest high street bank in the country to block fund transfers to cryptocurrency exchange Binance. Recently, Barclays and Natwest banks reportedly made a similar move. A number of Santander Bank customers reported on social media that they have received an email from the bank stating, “We’re stopping payments to Binance for your protection,” beginning on July 8. The bank explained: This follows the Financial Conduct Authority (FCA)’s recent warning to consumers and is to help protect you from fraud. For now, we want to be....
Technical issues are a broad concept, especially as far as financial services are concerned. These issues can range anywhere from a broken-down machine to creating a transaction backlog, and everything in between. Customers of Barclays, in the United Kingdom, were unable to access their funds due to these “technical issues”. It is not the first time this week Barclays makes headlines in the media, although neither of those times has been positive by any means. Suffering issues twice in one week is leaving many Barclays customers disgruntled. At some point in the past 24 hours, the bank....
The British multinational bank has informed customers it is no longer facilitating payments made to the crypto exchange, confirming reports from users over the last week. Customers have been reporting that Barclays, a British multinational universal bank, has been blocking payments to Binance cryptocurrency exchange over the last week. The financial services giant has confirmed to cardholders that Barclays debit/credit card payments to the cryptocurrency exchange will not be allowed until further notice.One of crypto investment dashboard Wealth Kode's cofounders, who goes by Lee on....
Now that Barclays has decided to close down Pingit accounts belonging to Bitcoin sellers, the battle lines between both industries are drawn once again. The war between traditional finance and Bitcoin is far from over the by the look of things, as Barclays has shut down several Pingit accounts belonging to cryptocurrency exchanges. As one comes to expect, Barclays did not even bother to notify the sellers in advance. Barclays Does Not Like Bitcoin Pingit Users. The convenience of Pingit has attracted many customers in the United Kingdom, as all lets bank account owner slink their mobile....