Following Barclays, the British division of the large Spanish bank Santander decided to limit deposits on the Binance cryptocurrency exchange for its users.
Santander UK said in a statement that the number of victims of cryptocurrency fraud among the bank’s clients “has increased significantly” in recent months. On the bank’s official Twitter account it says:
“Our top priority is to preserve our clients’ funds, so we decided to suspend payments to Binance following a warning from the Financial Conduct Authority (FCA).”
Binance representatives commented on the situation, emphasizing that the FCA warning did not in any way apply to deposits of British users on the exchange:
“We are disappointed with Santander’s unilateral action. We believe they are based on a misunderstanding of events. ”
Note that against the backdrop of statements by the British regulator, Binance has disabled two popular payment systems. At the end of June, the exchange turned off the Faster Payments payment system, and now users of the site from the UK will not be able to withdraw money in pounds sterling through this system. Later, it was announced that it would suspend accepting deposits through the European SEPA system.
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