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UK USERS: Interact with this post if you want answers!

Binance

Cryptocoins Exchanges / Binance 220 Views

Not looking for karma, just looking for answers or at least a response from binance.

A lot of UK users will have noticed that Faster Payments and bank card withdrawals/desposits have been suspended due to maintainence. This raises the question as to whether this is due to the recent FCA ban.

Binance can you please respond?

Thanks.

Edit:

It does appear that on the desktop version of Binance you can withdraw your fiat and also online they've resumed withdrawal via card, but still not faster payments. Hope this helps some who are wondering right now.

30/06/2021:

So this looks worse than first thought... Still not working on binance.com this morning. As the below article explains, this issue is directly as a result of the FCA ruling. It basically says that unless Binance complies with entensive rules then it will not be able to operate in the UK. This affects payments because they use a third party called ClearJunction for faster payments. They now cannot use this as they would be then operating in the UK. I would suggest looking at other platforms.

https://www.ft.com/content/35c541b7-0387-4297-8319-4fee51f01693

submitted by /u/Just-Janus
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