Barclays UK Customers Can No Longer Transfer Funds To Binance
Barclays UK customers can no longer transfer funds to Binance after the bank banned any credit or debit card payments made to the exchange until further notice. The announcement came almost two weeks after the Financial Conduct Authority (FCA) announced that Binance Markets Limited is not authorized to conduct cryptocurrency transactions in the UK.
The UK is the latest in a growing list of countries to accuse a cryptocurrency exchange of not having a permit for regulated activities. In mid-May, it became known that the exchange was to be investigated by the US Internal Revenue Service, as well as by the Department of Justice. On June 25, Japan's Financial Services Agency (FSA) issued a second warning against the exchange, stating that it was still operating in the country without registration.
On June 26, the exchange announced it would no longer serve Ontario users after the Ontario Securities Commission began filing lawsuits against unregistered exchanges. Last week, the Thai Securities and Exchange Commission (SEC) announced a criminal case against the exchange for unregistered transactions.
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