Another bank has joined the blockade of transfers to the largest cryptocurrency exchange.
According to the letter published by Santander customers, starting July 8, the bank will “if possible” stop outgoing transactions to Binance “for your safety.” Santander cites a notice from the UK Financial Conduct Authority (FCA) that the exchange does not have its permission to serve residents of the country.
Earlier, Barclays restricted transfers to Binance in a similar way. Both banks still allow you to withdraw money from the exchange to client accounts.
“We will not restrict payments from Binance to your account at this time. We took these steps because we want to do our best to protect you and help you keep your money safe. We will continue to monitor the situation and notify you if something changes, ”writes Santander.
Santander previously announced that it will revise its exchange policy amid “a very large increase in the number of customers looking to buy cryptocurrencies.”
Also this week, Binance announced it would no longer accept incoming payments through the Single Euro Payments Area (SEPA) mechanism. Binance linked the Barclays decision to ban transactions with a misinterpretation of the words of the regulator in the bank.
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