TSB Bank Reportedly Ban On Crypto Purchase At Binance & Kraken
UK TSB Bank is planning to ban Binance & Kraken exchange for their crypto purchase services due to lack of safety measurements for their customers.
According to a report by The Times, British news paper, TSB are ready to take action against Binance And Kraken for their stupid services of crypto purchase through the use of their Bank services.
According to TSB, Binance is not maintaining their safety measurements at that level where it should be. Binance safety and Securities for the Crypto purchase at their platform is not secure.
There are around 900 complaints regarding fraud with their customers at Binance & Kraken exchange.
TSB Bank claimed that they tried to contact Binance but Binance never responded to them.
But the Binance team counterclaimed that no one banking authorities contacted them.
And all the allegations against Binance exchange are baseless.
Binanace team putted their opioid about this matter openly and said
“Binance is very serious about its responsibility to protect users from scams. When we are made aware of these claims, we immediately take action and have an excellent record of working with law enforcement agencies.”
And also Kraken exchange responded about this matter and said .
“We categorically deny the allegation that Kraken does not respond to calls for assistance on incidents of fraud. Kraken responded to well over 1,000 different requests from law enforcement agencies in 2020 alone. Kraken operates in full compliance with law enforcement agencies.”
Intention of Investors to ease in their services tends to ease for Scammer work
According to many other reports in the UK, it is found that many services are trying to make their platform easy to use. But that ease to use their services is resulting in ease for the scammers to do scam with users.
So exchanges and Cryptocurrency related services Should emphasize their work on safety issues instead of ease of providing their services.
Read also: Paraguay Will Soon Announce Adoption Of Bitcoin By Next Month
Well here this matter can be solved by a fully transparent meeting between banks and exchange authorities.
Otherwise one day in the future it will not be easy for people to become involved in Cryptocurrency.
