Binance to Reinstate Payments From EU's SEPA Platform: Report

The rollout will start in Belgium and Bulgaria and expand throughout the bloc in coming weeks.

AccessTimeIconJan 26, 2022 at 11:49 a.m. UTC
Updated Jan 26, 2022 at 3:46 p.m. UTC

Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

Crypto exchange Binance is about to reinstate payments from the European Union's Single Euro Payments Area (SEPA), according to a Bloomberg report, citing a person familiar with the matter.

  • Payments through the network will resume "in the coming hours," Bloomberg said.
  • The rollout will be phased, starting in Belgium and Bulgaria, and will expand throughout the bloc in the following weeks. The U.K., which left the EU in January 2020, will not be included, according to the report.
  • Binance temporarily halted payments from SEPA in July.
  • SEPA allows consumers to make cashless payments in euros to anywhere in the EU as well as a number of non-EU countries.

UPDATE (Jan. 26, 11:54 UTC): Adds dropped word in last bullet point.

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Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.

CoinDesk - Unknown

Sheldon Reback is a CoinDesk news editor based in London. He owns a small amount of ether.