Crypto Exchange Binance Blocks SEPA Transfers, Stops Euro Deposits
Crypto exchange giant Binance stopped allowing SEPA transfers on July 6th. This development comes on the heels of increasing regulation issues that have rocked the company in recent weeks. Binance has long had regulation issues with countries like the United States and the U.K. Last month, the U.K. Financial Conduct Authority (FCA) had announced Binance […]
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Troubles at cryptocurrency exchange Binance continue as the platform is now suspending euro deposits via SEPA bank transfers. Binance says the suspension is temporary and it is due to events beyond its control. Binance’s Troubles Extend to SEPA Transfers Binance users reported Tuesday that they have received a notice from the exchange about the suspension of euro deposits via Single Euro Payments Area (SEPA) transfers. According to the notice shared on social media by several people, Binance explained: Due to events beyond our control, we are temporarily suspending EUR deposits via....
Crypto exchange Binance has partnered with Paysafe to allow EUR deposits and withdrawals via the SEPA payment network. “The full re-opening of SEPA channels will scale up across the markets in due course,” Binance noted. Binance Resuming SEPA Transfers in Phases Cryptocurrency exchange Binance announced Wednesday that it has “reopened EUR bank transfer by SEPA.” The company explained: Binance has partnered with Paysafe to launch the pilot program for EUR deposit and withdrawal via the SEPA payment network, effective 2022-01-26 13:00 (UTC). “Users are....
As of 8 am UTC on Wednesday, Binance users will no longer be able to make euro deposits through their bank. However, they can still fund their accounts with credit cards and debit cards. Regulatory constraints facing Binance have forced the popular cryptocurrency exchange to temporarily halt bank transfers denominated in euros, according to an email sent to its customers on Tuesday. Specifically, euro deposits via the Single Europe Payments Area, or SEPA, have been put on hold indefinitely due to circumstances beyond the exchange’s control, Binance said in the email:“Due to events beyond....
Cryptocurrency exchange Binance has fully resumed EUR and GBP deposits and withdrawals via the SEPA payment network and Faster Payments Services (FPS). Binance is also offering all verified users zero fees for depositing EUR via SEPA and GBP via FPS to “celebrate the return of SEPA and FPS.”
SEPA and FPS Back on Binance
Cryptocurrency exchange Binance announced Monday that at 11:00 a.m. UTC for both desktop and app:
Binance and Paysafe will fully reopen EUR and GBP deposits and withdrawals respectively via the SEPA payment network (SEPA) and Faster Payments....
Binance has announced that it would be reinstating SEPA transactions after seven long months of restriction. The announcement comes at a time when crypto users are gearing up to purchase and increase their holdings and with SEPA and instant transactions, it is much easier to carry out transactions on the largest cryptocurrency exchange in the […]