Barclays has banned clients from sending funds to Binance

by in Cryptocurrency News

Barclays

The world's largest crypto exchange Binance has come under scrutiny from many countries.

Great Britain was on the list of such countries. The Kingdom's Financial Conduct Authority (FCA) has ordered the Binance platform to stop serving local traders.

The regulator motivated its decision by the fact that recently, cases of fraud with digital currencies have become more frequent. At the end of June, the British bank NatWest limited the withdrawal of funds not only to this exchange but also to all cryptocurrency platforms.

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Now, another financial giant, Barclays, has begun to move in the same direction. The British investment bank has stopped sending funds to Binance via debit and credit cards.

The administration stressed that if the bank's position on this issue changes soon, it will notify its customers in advance.

The press service also noted: "Protecting your money is our responsibility. With this in mind, we have decided to discontinue credit and debit card payments on Binance until further notice to help keep your money protected."