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Binance Suspends Sterling Withdrawals Again: Report

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

Jul 13, 2021 at 12:31 p.m. UTC
Updated Sep 14, 2021 at 1:24 p.m. UTC

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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