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Reuters: Binance Resumes GBP Withdrawal Service
Summary: According to a report from Reuters on Wednesday, the GBP withdrawal service of the cryptocurrency exchange Binance has been restored, and users can also use debit and credit cards to purchase digital currencies. The British Financial Conduct Authority (FCA) issued a consumer warning to Binance Markets Limited, a British entity of Binance, saying that it ...
According to a report from Reuters on Wednesday, the GBP withdrawal service of the cryptocurrency exchange Binance has been restored, and users can also use debit and credit cards to purchase digital currencies.
The British Financial Conduct Authority (FCA) issued a consumer warning to Binance Markets Limited, a British entity of Binance, saying that it is concerned about the company's anti-money laundering standards.
On June 29th, Binance UK customers stated that they could not use fast payment methods and bank cards for deposits and withdrawals in GBP. The official Binance App showed that these two GBP payment channels are in a "suspended" state.
By Mary Liu
