Payment processor uses Binance | Coin list.me

The cryptocurrency exchange Binance has been in a difficult situation in the past few weeks and the problems continue this week because the European payment processor Clear Junction is setting up transactions on the Binance platform.

The payment processing company Clear Junction based in London has announced that it no longer supports transactions on the Binance exchange. The step corresponded to the warning of the Financial Conduct Authority (FCA).

Clear junction, in a blog entry wrote, " clear junction can no longer be easier in connection with binance. The decision was made after the recent announcement by the Financial Conduct Authority that Binance should not carry out regulatory activities in Great Britain. ”

The payment processor said that he would no longer support any deposits or withdrawals or on behalf of the cryptocurrency exchange, since the company complies with the FCA regulations and guidelines in relation to the processing of bony.

Clear Junction is the latest British financial institution that besides the Binance according to the order of the FCA last month. The FCA banned the English foundation of Binance, Binance Markets Limited, from which the supervisory authority said it was not authorized to operate in the region.

Binance had claimed that the ban only applies to Binance Markets Limited and not for Binance.com, the official global stock exchange of the stock exchange. This has not prevented financial institutions from banning withdrawals and deposits to the Binance platform. In the past few days, Barclays and Santander have banned their customers to use their credit/debit cards to buy cryptocurrencies.

NATWEST Bank is another bank that has limited how much its customers can deposit on their cryptocurrency accounts. Binance is looking for a local ex-regulatory officer in Great Britain who helps him develop a framework so that it can easily operate in the region.