Meanwhile, Binance announced it would no longer operate in the Canadian province of Ontario after regulators there implemented stricter regulations targeting cryptocurrency exchanges. Binance faces being further pushed out of Britain’s financial system after Barclays blocked its UK customers from transferring money to the cryptocurrency exchange.The move, which came into. Over the past two weeks, financial regulators in Japan and the United Kingdom have warned users about Binance’s regulatory status in their respective countries. “We take our compliance obligations very seriously, and we are committed to working collaboratively with regulators to shape policies that protect consumers, encourage innovation, and move our industry forward.”īinance has been caught in the regulatory crossfire as of late, with several jurisdictions around the world taking stricter measures to limit the exchange’s operations. is the latest in a growing list of countries that have accused the crypto exchange of not having the authorization to undertake regulated activity. The bank acted after UK financial watchdog the FCA told the crypto exchange to halt regulated activity. The Binance Group appear to be offering UK customers a range of products and services via a website,. UK bank Barclays has told customers that they're blocked from sending their funds to crypto exchange Binance in order to 'keep your money safe', according to the Financial Times. Blood stain on bed, Ujjivan finance share price target, Wholesale mailers. The move comes after the FCA published a consumer warning about a Binance company acquired in the UK. Ninety nine restaurant dayville ct, Vw crew cab for sale uk, Tyag pathi khand. The FCA notice had no bearing on user deposits on the main Binance website, the spokesperson said, adding that, “We have always taken the security of our users’ money very seriously.”īinance said it welcomes open dialogue with Barclays to discuss the matter further: Barclays banned UK customers from making card payments to Binance on Monday. UK bank Barclays has stopped customers from sending money to Binance. Barclays Bank has become the latest UK bank to block customers from making credit and debit card payments to crypto exchange Binance after it was banned by the Financial Conduct Authority (FCA) last week. “The FCA notice relates to, which is a company incorporated in the UK and regulated by FCA,” the spokesperson said, adding that BML is a separate legal entity that doesn’t offer any products or services through the main Binance website. “We are disappointed that Barclays appears to have taken unilateral action based on what appears to be an inaccurate understanding of events,” the spokesperson said, referring to a recent edict by the United Kingdom’s Financial Conduct Authority, or FCA, barring Binance Markets Limited from operating in the country.
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