One of the payment partners of Binance exchange in Europe, Clear Junction, has suspended payments to the site due to the recent ban of the British regulator on the provision of some of the services by the exchange.
According to a statement on the Clear Junction website, the decision to suspend payments on Binance came in response to a recent warning from the UK Financial Conduct Authority (FCA) that the exchange could not conduct regulated activities in the country.
“We have decided to suspend payments in both pounds sterling and euros and will no longer facilitate deposits or withdrawals in favor of or on behalf of the cryptocurrency trading platform,” says Clear Junction.
Binance has faced regulatory challenges in recent weeks. Around the same time as the FCA, the Japan Financial Services Authority (FSA) issued a warning that Binance is operating in the country without a license and does not have regulatory approval to operate in Japan.
Earlier this month, Thailand’s SEC accused Binance of illegal transactions, the Cayman Islands regulator announced that the exchange had no license, and the Polish regulator warned against trading on the site. At the end of June, Binance turned off the popular payment system Faster Payments, and last week suspended deposits through the SEPA payment system.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
