After Barclays, Santander Bank Blocks Payments to Binance in UK Citing Custom...
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....
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A major high street bank in the U.K., Natwest, has blocked payments to crypto exchange Binance. Natwest’s decision came after two other major British banks — Barclays and Santander — made a similar move to block fund transfers to Binance. The banks acted in response to a warning on the cryptocurrency exchange by the U.K.’s Financial Conduct Authority (FCA). Natwest Blocking Fund Transfers to Binance British bank Natwest (NWG.L) has reportedly become the latest financial institution in the U.K. to block payments to cryptocurrency exchange Binance. According to its....
As part of measures to protect consumers from fraudulent activities, Santander will restrict UK customers from transferring real-time payments to cryptocurrency exchanges beginning in 2023, Reuters reported, citing the bank’s Friday email statement. Faster Payments Service is frequently utilized by banks and clients in the United Kingdom. It is unknown whether Santander would give alternative methods […]
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....
The bank said would be “following the FCA’s warning to consumers” in blocking payments made to the crypto exchange. Spain-based bank Santander’s U.K. business will no longer be allowing its customers to send payments to Binance, citing warnings from the Financial Conduct Authority.Several replies from Santander’s U.K. Twitter help account today said the bank has “decided to prevent payments” to the world’s biggest crypto exchange in an effort to prevent fraud. The bank reportedly told customers they would still be able to withdraw cash from Binance, but it would be “following the FCA’s....
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....