Connect with us

Published

on

Binance’s Fiat payment facilitating company, Clear Junction has confirmed that it won’t be processing Fiat payments on behalf of the world’s largest cryptocurrency exchange.  Clear junction is regarded as Binance’s key partner in Europe for the processing of deposits and withdrawals on its trading platform.

 

Read more:UAE to Develop its Central Bank Digital Currency

 

However, the company has decided to suspend the payments for now given the reason for the recent announcement by the Financial Conduct Authority that Binance was not licensed to operate within the country.

 

“Clear Junction can confirm that it will no longer be facilitating payments related to Binance. The decision has been made following the Financial Conduct Authority’s recent announcement that Binance is not permitted to undertake any regulatory activity in the UK.”

 

“We have decided to suspend both Pound (GBP) and Euro (EUR) payments and will no longer be facilitating deposits or withdrawals in favour of or on behalf of the crypto trading platform.”

 

https://twitter.com/adamsamson/status/1414595163301756928?s=19

 

Advertisement W3Schools.com
1 Comment
0 0 votes
Article Rating

What's Your Opinion? Please Leave a Comment

1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
trackback

[…] post Clear Junction Cuts Ties with Binance Due to FCA Regulatory Crackdown appeared first on CryptoTvplus: DeFi, NFT, Bitcoin, Ethereum Altcoin, Cryptocurrency & […]

Latest Episode on Inside Blockchain

Crypto News Update

Crypto Street

Advertisement



Trending

ALL Sections

Recent Posts

1
0
Would love your thoughts, please comment.x
()
x
%d bloggers like this: