THELOGICALINDIAN - Another coffer has blocked payments to Binance for UK annual holders
Santander has become the additional U.K. coffer to acquaint barter that it will no best acquiesce payments to Binance.
Another U.K. Bank Blocks Binance
Santander, one of the U.K.’s better banks, has abreast barter that it will be endlessly payments from Santander accounts to Binance “wherever possible.”
The coffer beatific an email to barter allegorical them of the accommodation Thursday.
In the email, Santander said that it would be endlessly payments “wherever possible” to assure barter from artifice and accumulate their money safe. The email additionally cited a contempo consumer warning from the Financial Conduct Authority, which declared that Binance was not accustomed to barter crypto derivatives in the U.K.
The aforementioned FCA admonishing was additionally referenced by U.K. coffer Barclays back allegorical barter that it would additionally alpha blocking payments to Binance earlier this week. However, like Barclays, Santander has assured barter that it won’t be akin barter from abandoning funds from Binance to their accounts.
Santander joins the growing annual of U.K. banks that accept put restrictions on crypto-related activities. Along with Barclays’ ban on Binance, NatWest has capped the bulk of money annual holders can alteration to crypto exchanges. HSBC additionally banned audience from affairs MicroStrategy banal on its trading belvedere due to its acknowledgment to Bitcoin. With complaints of crypto scams soaring, U.K. banks are demography an more adverse attitude appear crypto assets.
In acknowledgment to the contempo bulk of authoritative troubles, Binance CEO Changpeng Zhao appear a blog post acclamation the contempo crackdowns and analogue approaching plans. In the post, he said:
“We achievement to analyze and reiterate our charge to accomplice with regulators and that we are proactively hiring added talent, putting in abode added systems and processes to assure our users.”
Binance is accounted to be hiring an ex-regulator or government official in the U.K. Doing so will advice the barter allay regulators, agnate to back it hired the above arch of the U.S. Office of the Comptroller of the Currency, Brian Brooks. Brooks is the accepted CEO of Binance.US.
Disclaimer: The columnist captivated ETH and BTC at the time of autograph this article.
