BUSD

<ul><li>New users will no longer be able to fund their accounts with British Pounds.</li><li>Current customers would retain access to their British pound funds.</li></ul>Binance, a <a href="https://thenewscrypto.com/tag/cryptocurrency/" rel="noopener noreferrer nofollow">cryptocurrency</a> exchange, has announced that it would stop accepting deposits and withdrawals in British pounds sterling as of May 22 unless it can secure a new service provider. According to an email issued to clients on Monday, the British partner that Binance employs for Faster Payments Service transactions, Skrill Limited, will no longer accept GBP.A representative for <a href="https://thenewscrypto.com/tag/binance/" rel="noopener noreferrer nofollow">Binance</a> said that as of Monday afternoon, new users will no longer be able to fund their accounts with British Pounds. They did, however, reassure current customers that they would retain access to their British pound funds.The spokesperson stated:<blockquote>“This change affects less than 1% of Binance users. However, we know that these services are valued by our users and our team is working hard to find an alternative solution for them. We will share updates on this as and when we are able.”</blockquote><h3 id="irregular-relationship-with-gbp">Irregular Relationship With GBP</h3>Binance’s relationship with GBP has been sporadic, to say the least. Prior to the introduction of its U.K.-based trading platform, the firm began offering GBP trading pairs in 2020. Binance Jersey, positioned on an island between England and France with low tax rates, allowed UK residents to trade pounds for cryptocurrencies at the time.As of June 2021 however, the Financial Conduct Authority in the United Kingdom demanded that Binance Markets Ltd, the company’s UK subsidiary, cease any regulated activity without obtaining prior written authorization.Users were unable to add British pounds or Euros to their accounts until March 2022. Next, in December, Binance reinstated GBP and EUR transactions via <a href="https://www.paysafe.com/" rel="noopener noreferrer nofollow">PaySafe’s</a> Skrill as its fiat partner.

Binance To Stop Deposits and Withdrawals in British Pound

Mục lục

TheNewsCrypto

Các bài viết khác được xuất bản trên 14 thg 3, 2023

Bitcoin Surpasses $24K to Confirm Next Bull Run?

Meta to discontinue NFTs across Instagram and Facebook

What Is Slippage in Crypto & How to Adjust It in Your Wallet

The AI arms race continues: OpenAI announces GPT-4, the ultimate chatbot upgrade

Trading of Several Banking Stocks Halted Due to Extreme Volatility

Unstoppable Domains and Polygon join forces to bring decentralization to crypto users

Tham gia bản tin miễn phí của chúng tôi để cập nhật tin tức về tiền điện tử hàng ngày!