Binance Suspends Sterling Withdrawals Again: Report

The exchange's move reportedly came after Faster Payments ended its agreement with Binance.

By Sheldon Reback

Jul 13, 2021 at 12:31 p.m. UTC

Updated Sep 14, 2021 at 1:24 p.m. UTC

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Binance has suspended withdrawals of sterling after Faster Payments ended its agreement with the cryptocurrency exchange, Financial News reported.

Faster Payments has ended its agreement with the exchange, FN said.
At the end of June, the payments network suspended its service for a while, preventing customers from making deposits or withdrawals.
The move came after the U.K.’s financial services regulator, the Financial Conduct Authority, said Binance wasn’t allowed to undertake regulated activities in the country.
The service was later reactivated.
Binance had not responded to an emailed request for comment by press time.

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