Binance halts deposits and withdrawals for customers in the UK
1–10 of 145 posts
Re: Binance halts deposits and withdrawals for customers in the UK
#2Didn't Binance have their UK operations curtailed some time ago? https://www.fca.org.uk/news/news-stories/consumer-warning-bi...
> Binance Markets Limited is not permitted to undertake any regulated activity in the UK.
Year: 2021
Re: Binance halts deposits and withdrawals for customers in the UK
#3No, they're withdrawing it, in 9 weeks from now.
Re: Binance halts deposits and withdrawals for customers in the UK
#4Didn't Binance have their UK operations curtailed some time ago? https://www.fca.org.uk/news/news-stories/consumer-warning-bi... > Binance Markets Limited is not permitted to undertake any regulated activity in the UK. Year: 2021
Regulated activity here refers to futures and options trading, which was indeed unavailable on Binance for UK residents for a while now. Spot trading is a different story.
Re: Binance halts deposits and withdrawals for customers in the UK
#5Re: Binance halts deposits and withdrawals for customers in the UK
#6It's paywalled for me. Are UK customers' funds SAFU?
Re: Binance halts deposits and withdrawals for customers in the UK
#7Crypto: Going from banking the unbanked to unbanking the banked!
Re: Binance halts deposits and withdrawals for customers in the UK
#8It's paywalled for me. Are UK customers' funds SAFU?
Their uk banking partner for faster payments is withdrawing from there relationship with binance in May. Wire transfers unaffected. Continuation of operation chokepoint.
Re: Binance halts deposits and withdrawals for customers in the UK
#9It's paywalled for me. Are UK customers' funds SAFU?
This other link works for me. https://www.ibtimes.com/binance-announces-suspension-uk-depo...
"Starting Monday afternoon, new users will no longer be able to open accounts with GBP deposits on the platform.
"We regret to inform you that our GBP fiat partner, Skrill Limited, has informed us that it will stop offering GBP flat services, namely deposits and withdrawals via Faster Payments and card, to Binance users," the email read.
The suspension of GBP deposits and withdrawals will commence on May 22 and those who make any GBP deposits after that day will be refunded within seven working days, according to Binance."
I believe the acronym is SNAFU, not SAFU. :P
Re: Binance halts deposits and withdrawals for customers in the UK
#10Funny how Kraken/Nexo/Coinbase etc can still manage to maintain sterling deposits and comply with the regulators. I like Binance, but they dropped the ball in the UK market.