Another! Clear junction withdraws bony support for key payments

The decision was made after the recent announcement by the Financial Conduct Authority that Binance should not make regulatory activities in Great Britain

"We have decided to suspend both GBP and EUR payments and will not enable any deposits or withdrawals or in the name of the crypto trading platform," added the company.

Clear junction follows other financial services giant

The ban on Clear Junction is very effective, but no surprise for Binance. Clear Junction is regulated by the FCA and therefore had to cancel the connections to a stock exchange that was brought out of Great Britain. As we reported, the FCA said that Binance Markets Limited (BML) "should not do any regulated business". Activities in Great Britain. " BML is part of the more comprehensive Binance Group, which is managed by Changpeng Zhao.

To keep the face, convicted Binance at the beginning of this month BML.

” BML is a company registered in Great Britain and regulated by the FCA. BML is an independent legal person and does not offer any products or services via www.binance.com", says a message on its website.

Regardless of whether BML is part of Binance or not, the damage has already been created for the exchange. Financial service providers who are regulated by the FCA are in a hurry to drop Binance.

Santander, one of the largest banks in Europe, is one of the last to drop the stock exchange. It follows in the footsteps of Barclays, the British banking giant, which prohibited payments to Binance some time ago. With total assets of over 3.7 trillion US dollars, the two are among the most important financial institutions in the United Kingdom.

Even before the FCA had risen at Binance Rote Flagen, TSB Bank had already called the stock exchange due to negligence that made it possible to thrive. As we reported, TSB claimed that in a month at the beginning of this year it received shocking 849 reports on fraud in connection with Binance.

: The British bank prohibits crypto purchases for 5 million customers and expresses fraud concerns at Binance and Kraken

do I already look more regulated? pic.twitter.com/agtl4erl7h

- cz 🔶 binance (@cz_binance) 12. July 2021

The problems of Binance are a stroke of luck for its rivals. Julian Sawyer, the CEO of BISTAMP Exchange, said CNBC

We see an increase in customers in Great Britain who come to us without changing marketing. I think it's a flight to safety. If you are told that the bank you are in is less secure, move the money from the bank and postpone it to the next bank that is superpensive.