• About Us
  • Jobs
  • Contact
  • Login
  • Register
Crypto Mufasa
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us
No Result
View All Result
Crypto Mufasa
No Result
View All Result
ADVERTISEMENT
Home Crypto Exchanges

UK Binance Halts GBP Deposits And Withdrawals

Hania by Hania
March 15, 2023
in Crypto Exchanges
Reading Time: 1 min read
A A
0
UK Binance Halts GBP Deposits And Withdrawals
Tweet

In Brief:

  • You May Also Like:
  • Coinbase Derivatives Exchange Is Set To Introduce Bitcoin And Ethereum Futures
  • Kraken’s Canada Customer Deposits Increased 25% After Crypto Exchange Binance Left Due To Rising Regulatory Restrictions In North America

Due to regulatory obstacles, Binance has stopped allowing new customers in the UK to deposit or make withdrawals in British pounds (GBP). On May 22, the service will be terminated for all users.

Changpeng Zhao’s Binance is suspending fiat services in the UK just one week after banning its Russian users from accessing its peer-to-peer (P2P) service to trade the US dollar and euro due to new European Union sanctions on Russia.

UK Binance Halts GBP Deposits And Withdrawals

According to individuals with immediate knowledge of the situation, Paysafe, Binance’s fiat partner that manages GBP deposit and withdrawal services through the UK’s Faster Payments and card deposits, has announced plans to suspend the services starting on May 22 due to regulatory uncertainty surrounding cryptocurrencies in the country.

You May Also Like:

Coinbase Derivatives Exchange Is Set To Introduce Bitcoin And Ethereum Futures

Coinbase Derivatives Exchange Is Set To Introduce Bitcoin And Ethereum Futures

June 2, 2023
Kraken’s Canada Customer Deposits Increased 25% After Crypto Exchange Binance Left Due To Rising Regulatory Restrictions In North America

Kraken’s Canada Customer Deposits Increased 25% After Crypto Exchange Binance Left Due To Rising Regulatory Restrictions In North America

June 1, 2023

In light of this, Binance has stopped allowing new customers to deposit or withdraw in GBP as of March 13. From May 22, existing customers will no longer be able to use the service.

Recently, Binance has experienced its fair share of controversy. For instance, the company pulled out of the acquisition of CoinDesk. The exchange, however, continues to dominate the market.

UK Binance halts GBP deposits and withdrawals
Source: CoinGecko

As of this writing, the native BNB coin of Binance is the fourth-largest cryptocurrency in the world. BNB is currently trading at $313.53, up more than 8% over the past week.

Tags: British poundcrypto newseuropean unionP2P
Tweet48Share77ShareSendPin17ShareSend
ADVERTISEMENT
Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

Related Posts

Coinbase Derivatives Exchange Is Set To Introduce Bitcoin And Ethereum Futures
Crypto Exchanges

Coinbase Derivatives Exchange Is Set To Introduce Bitcoin And Ethereum Futures

June 2, 2023
Kraken’s Canada Customer Deposits Increased 25% After Crypto Exchange Binance Left Due To Rising Regulatory Restrictions In North America
Crypto Exchanges

Kraken’s Canada Customer Deposits Increased 25% After Crypto Exchange Binance Left Due To Rising Regulatory Restrictions In North America

June 1, 2023
Massive Layoffs At Binance? The Company reveals It Is “Reevaluating” Roles
Crypto Exchanges

Massive Layoffs At Binance? The Company reveals It Is “Reevaluating” Roles

May 31, 2023
Bybit Exits Canada Due To Recent Regulatory Development
Regulation

Bybit Exits Canada Due To Recent Regulatory Development

May 31, 2023
Coinbase Receives A Wells Notice From SEC For Listing Unregistered Securities
Regulation

Coinbase Insider Trading Case Against Wahi Brothers Settled By SEC

May 31, 2023
Binance Exits Canada Due To Rising Regulatory Restrictions In North America
Crypto Exchanges

Binance Will Stop Crypto Services In Japan From November 30

May 30, 2023
Binance Australia Selling Bitcoin $5K Cheaper As Fiat Ramp Closes
Bitcoin News

Binance Australia Selling Bitcoin $5K Cheaper As Fiat Ramp Closes

May 30, 2023
Russia Abandons Crypto Exchange Plans
Crypto Exchanges

Russia Abandons Crypto Exchange Plans

May 30, 2023
Binance Introduces An NFT Lending Service To Compete With Blend
NFT News

Binance Introduces An NFT Lending Service To Compete With Blend

May 26, 2023
Load More
  • Trending
  • Comments
  • Latest
idmining cloud mining

The New Era of Passive Income Brings Another Amazing Opportunity To Make Money With IDMining

May 5, 2023
Passive Income HappyMiner

Earn Passive Income Cloud Mining With HappyMiner – A Quick Guide!

May 8, 2023
Lost Your Bitcoin To Scammers? Explore The Options For Recovery From Crypto Scams

Lost Your Bitcoin To Scammers? Explore The Options For Recovery From Crypto Scams

May 19, 2023
76 Cryptocurrencies Are Now Prohibited, Beware!

76 Cryptocurrencies Are Now Prohibited, Beware!

May 11, 2023
Sparklo (SPRK) Top Profitable Investments

Rising Market Reputation for Sparklo (SPRK) While Dogecoin (DOGE) And Solana (SOL) Witness Varying Price Trends

June 5, 2023
Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

Best-Performing Altcoins For The Week: XRP, LDO, and LUNC

June 5, 2023
Atomic Wallet Hacked, Users Lost Entire Portfolios

Atomic Wallet Hacked, Users Lost Entire Portfolios

June 5, 2023
sparklo finanace presale

Sparklo (SPRK) Presale Advances As Litecoin (LTC) Prices Explode

June 4, 2023
ADVERTISEMENT
Crypto Mufasa

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Navigate Site

  • Contact
  • Terms Of Service
  • Privacy Policy
  • Crypto Prices
  • Crypto Exchanges
  • Work With Us

Follow Us

No Result
View All Result
  • General News
  • Beginner Guides
  • Bitcoin News
  • Ethereum News
  • Altcoin News
  • NFT News
  • Web Stories
  • Work With Us

© 2022-2023 CryptoMufasa.com
All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In