Warning: Error while sending QUERY packet. PID=17121 in /home/crypuqsu/public_html/wp-includes/wp-db.php on line 2056
NatWest Suspends Payments to Binance | CryptoTvplus: DeFi, NFT, Bitcoin, Ethereum Altcoin, Cryptocurrency & Blockchain News, Interviews, Research, Shows
Connect with us


NatWest Suspends Payments to Binance



Binance CEO, Changpenp Zhao 'CZ' celebrates 3M Twitter Followers as Binance Clocks 4.

NatWest Group, a reputable UK banking firm, has halted payments to the world’s largest cryptocurrency exchange by trading volume, Binance. The decision is owed to the crackdown on the cryptocurrency exchange by the watchdog of the UK, Financial Conduct Authority (FCA).


Binance continues to battle regulators as NatWest is the latest to suspend facilitation of payments to the bank. Barclays Bank, Santander, Clear Junction among other top banking firms in the UK have cut ties with the exchange for now due to the illegal declaration of its operation in the region by the FCA.


See also:See Why OpenSea Has Becomes the First NFT Unicorn


The company informed its customers of suspending payments to Binance as a result of the unclear situation around the company and regulators;


“With an increase in scams relating to cryptocurrency and regulatory uncertainty around Binance in the U.K., we want to make sure that your money is safe. That’s why we’ll be declining all credit and debit card payments to them until further notice.”


Prior to the ban on Binance, the banking firm was said to have reduced the limit that could be deposited to Crypto exchanges last month, June. 


Read more:Carlifornian Resident Files Lawsuit against Dfinity Over ICP Sale


Also in a tweet, it stated that it is not blocking payments altogether but only “will restrict payments to cryptocurrency exchanges that present the highest risk of financial harm”.


What do you think ? Share your comments below 


1 Comment

1 Comment

  1. Pingback: NatWest Suspends Payments to Binance by Oreoluwa Makinwa – CryptoTvplus Events: NFT, DeFi, Bitcoin, Ethereum, Altcoin Events

What's Your Opinion? Please Leave a Comment


ALL Sections