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Barclays blocks customers from sending funds to crypto exchange Binance

Credit and debit payments to Binance in the UK will be blocked for Barclays customers

The Financial Conduct Authority issued a warning against a UK division of Binance on 26 June, informing consumers that the digital asset exchange is not permitted to carry out regulated activities such as spot crypto trading
The Financial Conduct Authority issued a warning against a UK division of Binance on 26 June, informing consumers that the digital asset exchange is not permitted to carry out regulated activities such as spot crypto trading Photo: Bloomberg via Getty Images

Barclays customers in the UK have been blocked from transferring funds to cryptocurrency exchange Binance after the latter faced heat from global regulators.

The bank told customers they would no longer be able to send credit and debit card payments to Binance, following a warning by the UK regulator about the exchange’s operations in the country.

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