Barclays, one of the UK’s largest financial conglomerates, has banned customers from transferring funds to Binance from credit or debit cards. This was reported by Twitter users.
That sucks @Barclays #Binance pic.twitter.com/kBhTZ7VQ99
– Crypto Nyte (@ CryptoNyte0) July 5, 2021
On July 5, Barclays announced the restrictions on customers making deposits this year. The measure does not apply to the withdrawal function from Binance.
“This is to help you keep your money safe,” the message says.
Fairly big news this, as Barclays have been a supporter in nearly all transfers.
FYI Bank transfers not impacted. pic.twitter.com/1YtiAoiduk— Adam (@TraderSkew) July 5, 2021
In late June, the UK Financial Conduct Authority (FCA) banned Binance’s UK subsidiary from any regulated activity without prior written approval from the agency.
The exchange said that Binance Markets Limited is a separate legal entity and does not provide any services through the website mentioned by FCA.
Earlier, the bitcoin exchange announced the termination of services for residents of the Canadian province of Ontario. The company recommended that users close all active positions by December 31, 2021.
On July 1, the Cayman Islands Monetary Authority initiated an audit of the exchange’s activities. The company’s warning was also issued by the Japan Financial Services Agency.
On July 2, the Thai regulator accused Binance of operating without a license in the country.
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