Clear Junction cut ties with Binance over regulatory concerns
Binance’s regulatory issues seem to be getting worse by the day. this issue has caused one of their key payment partners in Europe, Clear junction to cut short their partnership. Due to the exchange’s protracted conflict with the UK’s top regulatory watchdog FCA , its primary European payment partner has discontinued links after regulatory warnings […]
Santander blocks Binance payments for UK users after Barclays’ ban
Following the footsteps of other financial institutions in the UK, Banco Santander, a large Spanish bank, has banned transfers of its customers’ funds to exchange Binance. Following warnings from the Financial Conduct Authority, the U.K. operations of the Spain-based bank Santander will no longer allow its customers to transmit payments to cryptocurrency exchange Binance. Many […]
Poland gives a public warning about trading with Binance
With different countries regulating the activities of Binance all over the world, Poland’s Financial Supervision Authority has also warned its public about the activities of Binance. As the cryptocurrency exchange Binance comes under fire from regulators around the world, Poland’s financial authority has issued a consumer alert. The Polish Financial Supervision Authority (PFSA) released a […]
UK’s Nationwide Building Society Ramps UP Its Crypto Policies Amid Global Crackdown
According to a report in the UK’s Financial News on Tuesday, popular high-street lender Nationwide is evaluating its crypto policy. As the world’s largest building society (basically a bank without shareholders), Nationwide announced plans to “monitor the situation regarding cryptocurrencies ,” including heightened vigilance in areas where its consumers may be targeted by scammers. In […]
‘Regulations are positive signs that a business is growing’ – CZ Binance
Amidst regulatory compliance challenges here and there, the CEO of Binance has come out to say that “compliance is a journey” particularly in the growing cryptocurrency industry. Changpeng Zhao, Binance’s CEO and founder, has emphasized the exchange’s commitment to cooperating with regulators amid growing concerns about the exchange’s global regulatory challenges. Zhao wrote an open […]