Santander Financial institution within the U.Okay. has develop into the most recent excessive road financial institution within the nation to dam fund transfers to cryptocurrency change Binance. Lately, Barclays and Natwest banks reportedly made an identical transfer.
- Various Santander Financial institution clients reported on social media that they’ve acquired an e mail from the financial institution stating, “We’re stopping funds to Binance on your safety,” starting on July 8. The financial institution defined:
This follows the Monetary Conduct Authority (FCA)’s latest warning to shoppers and is to assist shield you from fraud. For now, we wish to be limiting funds from finance to your account(s).
- The e-mail continues: “We’re taking this step as we wish to do all the things we will to guard you and assist preserve your cash secure. We’ll proceed to watch the state of affairs, and allow you to know if something modifications.”
- A Santander buyer consultant additional defined on social media: “In latest months we’ve seen a big enhance in UK clients turning into the victims of cryptocurrency fraud. Preserving our clients secure is a high precedence, so we’ve determined to forestall funds to Binance following the FCA’s warning to shoppers.”
- Lately, two different main excessive road banks within the U.Okay. made an identical transfer to dam funds to Binance: Barclays and Natwest.
- The FCA was not the one regulator that issued a warning on Binance. The authorities in Thailand, Cayman Islands, and Japan additionally issued an identical warning in regards to the crypto change.
- Binance not too long ago suspended euro deposits by way of SEPA financial institution transfers. On the time of writing, this feature continues to be disabled on the change’s web site.
What do you consider Santander Financial institution blocking fund transfers to Binance for buyer safety? Tell us within the feedback part beneath.
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