Binance Suspends Withdrawal For UK Users
Recent reports confirmed the problems of Binance Exchange partnership with payment institutions. Binance currently suspended Pound Sterling Withdrawal for U.K users.
Binance is the biggest exchange by Volume trade and also much popular because of its better services for pro crypto users. In recent months, Binance received many warnings and issues by the financial & Monetary authorities of different countries.
Related: FCA Ban On Binance Exchange For U.K Citizens
After many warnings & raised issues against Binance, end up in halt of particular services of Binance exchange and this is going to be a big problem for the U.K users specially.
Many times Binnance received notification from SEC & U.K Monetary Authorities and now we can see how it is affecting the services of Binance exchange. Reports say Binance is losing their partnerships with financial institutions ( like Banks authorities & third party payment solution providers).
On 13 July, Binance suspended their withdrawal service for U K users for Pound Sterling. Binance didn’t give any reason regarding this matter. But people are only speculating that it is only the support of financial services which are breaking their partnership with Binance because of issues raised by Monetary Authorities Of U.K.
Binance Informed their U.K users through email that they are facing some issue with Faster Payments Network (FPN), so for now people should use their services without fiat option.
After this email, U.K users of Binance are raising questions as to why Binance is not giving the reasons. They are only saying that they are working on Solution but what the actual problem is, they should inform us.
According to a report, On Monday, the global payment solution provider, announced that they no longer facilitate payments in the pound or euro for Binance. And obviously this is the reason.
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