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Binance Suspends Sterling Withdrawals Again: Report
The exchange's move reportedly came after Faster Payments ended its agreement with Binance.
Updated Sep 14, 2021, 1:24 p.m. Published Jul 13, 2021, 12:31 p.m. 1 min read
Binance has suspended withdrawals of sterling after Faster Payments ended its agreement with the cryptocurrency exchange, Financial News reported.
- Faster Payments has ended its agreement with the exchange, FN said.
- At the end of June, the payments network suspended its service for a while, preventing customers from making deposits or withdrawals.
- The move came after the U.K.’s financial services regulator, the Financial Conduct Authority, said Binance wasn’t allowed to undertake regulated activities in the country.
- The service was later reactivated.
- Binance had not responded to an emailed request for comment by press time.
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