Binance Reinstates Withdrawals for UK Clients: Report
Withdrawals via Binance’s Faster Payments network have now been reactivated.
Jun 30, 2021 at 5:38 p.m. UTCUpdated Aug 21, 2021 at 6:52 p.m. UTC
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindeskuat/AQAKQPR5WVENTN4MLBCFNQIGJ4.jpg)
Cryptocurrency exchange Binance is once again operating in the U.K. after the Financial Conduct Authority (FCA) said the firm is not allowed to undertake any regulated activities without prior written approval.
- Customers said Tuesday they couldn’t make deposits or withdrawals in pound sterling from Binance's Faster Payments network, three days after the FCA cracked down on the exchange. At the time, Binance said the move would not have an impact on the services offered on its website.
- Binance said on Wednesday that sterling withdrawals from its platform had been reactivated and users are able to buy digital coins with debit and credit cards, according to a Reuters report.
STORY CONTINUES BELOW
13:18
Bitcoin Mining in the U.S. Will Become 'a Lot More Decentralized': Core Scientific CEO
05:10
Binance to Discontinue Its Nigerian Naira Services After Government Scrutiny
04:07
The first video of the year 2024
40:07
The last regression video of the year 3.67.0
:format(webp)/downloads.coindesk.com/arc/failsafe/user/1x1.png)