Policy
Share this article

Binance Payments Cut Off by Clear Junction

The decision was taken after the FCA said Binance is not permitted to undertake any regulated activity in the U.K.

By Jamie Crawley
Updated Sep 14, 2021, 1:24 p.m. Published Jul 12, 2021, 3:50 p.m. 1 min read
jwp-player-placeholder

One of Binance's payment partners in Europe, Clear Junction, has suspended facilitating payments to the crypto exchange.

  • The decision was taken in response to Financial Conduct Authority's decision that Binance is not permitted to undertake any regulated activity in the U.K., Clear Junction said in a statement on its website Monday.
  • "We have decided to suspend both GBP and EUR payments and will no longer be facilitating deposits or withdrawals in favor of or on behalf of the crypto trading platform," Clear Junction said.
  • Binance has been under fire in recent weeks, with the numerous regulators announcing the crypto exchange is not permitted to operate in their jurisdictions and certain banks blocking their customers from using their cards on the platform.
  • The crypto exchange did not immediately respond to CoinDesk's request for comment.

Read more: Binance Said to Be Hiring ‘UK Version of Brian Brooks’

Financial Conduct AuthorityBinanceClear Junction

More For You

U.S. CFTC secures deal with National Hockey League on prediction market safeguards

By Jesse Hamilton|Edited by Nikhilesh De
12 hours ago
San Jose Sharks' Macklin Celebrini (right)

A new arrangement has been set between the derivatives regulator and professional hockey, following on the heels of a similar baseball agreement.

What to know:

  • The U.S. Commodity Futures Trading Commission has secured a memorandum of understanding with the National Hockey League to share information connected to prediction market betting.
  • The MOU is the latest arrangement between the derivatives regulator and a major sports league, following a similar memo with Major League Baseball.
Read full story