Barclays bans credit/debit card payments on Binance exchange

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Leading UK-based banking institution Barclays announced today that it has stopped paying Binance with credit/debit cards until further notice in a notification it sent to its customers.

In the statement , which is also on the bank’s official Twitter account , “We are responsible for helping protect your money. With this in mind, we’ve made the decision to suspend credit/debit card payments to Binance until further notice to help keep your funds safe. For more information on Binance and investing in crypto assets in general, please visit the FCA website. We apologize for any inconveniences this decision may cause.” it was said.

What happened?

FCA, the UK’s financial markets regulator, issued a consumer alert on Binance Group and Binance Markets Limited (BML) on June 26. In the warning, it was stated that Binance Markets Limited is not allowed to carry out any regulated activities in the UK, and that this firm is part of the larger group Binance Group. In the statement made by Binance after this warning, it was noted that BML is a separate legal entity, does not offer any products or services through Binance.com, and the FCA statement does not have a direct impact on the services provided on Binance.com.

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