Denial of service: Santander Bank prohibited transfers to BinanceThe UK Financial Conduct Authority (FCA) has moved the UK financial market well to understand what Binance casino is and on what rights it operates with the financial fiat system, including financial partners and its customers.
A number of major UK banks have imposed bans on transfers of private and corporate customers to Binance directly or through intermediaries. Payment intermediary ClearJunction refused SEPA transfers, Barclays Bank, Faster Payments and iDeal, TSB bank, even the American bank Silvergate Bank, which is extremely loyal to the cryptosphere.
Today (July 8, 2021), according to a letter published by Santander customers, the bank will "whenever possible" stop outgoing transactions to Binance "for customer safety" beginning July 8. Santander is referring to a notice from the U.K. Financial Conduct Authority (FCA) that the Binance exchange does not have its permission to serve residents of the country, and does not have legal and lawful status to provide financial services in the country at all.
"At this time, we will not restrict payments from Binance to your account. We went to these measures because we want to do everything we can to protect you and help you keep your money safe. We will continue to monitor the situation and notify you if anything changes," Santander wrote.
Previously, the press service of Santander Bank reported that it will review its policy on exchanges amid "a very large increase in the number of customers seeking to buy cryptocurrencies.