Altcoins News

Story: Are Many Big Banks Blocking Payments to Binance (BNB)?

By Steven Anderson

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The UK’s Financial Conduct Authority has declared Binance to have “complied with all aspects of the requirements” set out in June.

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Since 2017, Binance has been strategically maintained a “decentralized” organizational structure.

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It has been rumored that these were deliberate activities. However, Binance has forever been posing that they are serious about regulation and compliance.

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Binance places utmost importance on client experience and trading integrity. As our industry strengthens relations with regulators, we expect fewer FUD-peddlers and individuals…

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Binance reserves the right to take legal action to protect its interests and welcomes responsible whistle-blowing that protects the trust of our community.”

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Community response:  Accepting GBP card deposits again. Not long till Faster Payments is back.

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Only issue now is so many big banks are blocking payments to Binance.  The more banks try to block.

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Previously, Banks were blocking payments to cryptocurrency trading platforms such as Binance and Kraken to protect customers following a dramatic spike in investment scam losses.

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Now that the bad August is over and the Financial Conduct Authority have authorized compliance, banks should reconsider their decision.

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You were leaders of the market manipulation of BSV with the delist attack that robbed from all stakeholders.

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I agree. They haven't had any problems even when they've been under pressure from British Banks.

The Currency Analytics

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