Santander Bank within the U.Okay. has was basically the most smartly-liked high road bank within the nation to dam fund transfers to cryptocurrency alternate Binance. No longer too long ago, Barclays and Natwest banks reportedly made a identical transfer.
- A decision of Santander Bank prospects reported on social media that they’ve obtained an e mail from the bank stating, “We’re stopping payments to Binance on your security,” starting on July 8. The bank outlined:
This follows the Monetary Habits Authority (FCA)’s recent warning to customers and is to aid defend you from fraud. For now, we desire to be limiting payments from finance to your anecdote(s).
- The e mail continues: “We’re taking this step as we desire to assign everything we can to provide protection to you and relief withhold you money stable. We’ll continue to show screen the ache, and imply it is probably you’ll know if anything else adjustments.”
- A Santander customer consultant additional outlined on social media: “In recent months we now possess viewed a enormous expand in UK prospects changing into the victims of cryptocurrency fraud. Keeping our prospects stable is a top priority, so we now possess decided to terminate payments to Binance following the FCA’s warning to customers.”
- No longer too long ago, two other main high road banks within the U.Okay. made a identical transfer to dam funds to Binance: Barclays and Natwest.
- The FCA used to be now not the correct regulator that issued a warning on Binance. The authorities in Thailand, Cayman Islands, and Japan also issued a identical warning in regards to the crypto alternate.
- Binance now not too long ago suspended euro deposits via SEPA bank transfers. On the time of writing, this possibility is peaceable disabled on the alternate’s net net page.
