Santander block payments to Binance
Santander block payments to Binance
in a email sent to customers yesterday, Santander explained that after the FCA was warned, it was trying to protect itself from fraud
Binance has recently come across various hurdles, with supervisory authorities in Great Britain, Japan and the quays' islands to pronounce all warnings about the stock exchange. This prompted some banks to block their customers from the use of Binance.
Yesterday Santander started to hire payments to Binance. where possible ”, although there are no restrictions on payments from Binance to Santander accounts for the time being. Yesterday, the bank explained in an email to customers that they took this measure to protect customers from fraud Warning from the Financial Conduct Authority (FCA) last month.
“ We take this step because we want to do everything we can to protect you and keep your money safely ,” was the email. “ We will continue to observe the situation and inform you if something changes .”
Santander emphasized that crypto-assets could be a high risk and that crypto investors probably have no access to the Financial Ombudsman Service or to the Financial Services Compensation Scheme if something went wrong.
The bank added: " In the past few months we have seen a strong increase in customers in the UK that were victims of cryptocurrency fraud. "
This is a question of days after Barclay's credit and debit card payments to Binance blocked. The crypto tours at the beginning of this week indicates on Twitter, which suggests that the measures of the bank" based on an apparently inaccurate Understanding the events . “
Binance added: " The FCA announcement refers to BML [Binance Markets Limited], a company registered in Great Britain and regulated by the FCA. BML is a separate legal person and does not offer any products or services via Binance.com to ."
On Wednesday, Binance CEO Changpeng Zhao a letter on the Binance blog, in which he is in view of the recent regulatory difficulties about the progress of the exchange and your next steps thought.
The future goals of Binance include the formation of further compliance partnerships, the expansion of the international compliance team of the stock exchange and the better compliance with local regulations by localizing operations and business.
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Source: Coinlist.me
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