Binance customers unable to withdraw, deposit pounds via UK's Faster Payments – FT

1 minute read

The logo of Binance is seen on their exhibition stand at the Delta Summit, Malta's official Blockchain and Digital Innovation event promoting cryptocurrency, in St Julian's, Malta October 4, 2018. REUTERS/Darrin Zammit Lupi/File Photo

Register now for FREE unlimited access to

June 29 (Reuters) - Customers of cryptocurrency exchange Binance in the United Kingdom have lost access to withdrawing and depositing pounds through a system known as Faster Payments, the Financial Times reported on Monday.

The ability to remove sterling from the platform through Faster Payments had been "suspended for maintenance" the digital asset firm said on its main exchange, according to the report.

The news came days after Britain's financial regulator Financial Conduct Authority (FCA) banned the cryptocurrency exchange's UK operations. read more

Binance did not immediately respond to a Reuters request for comment, while Faster Payments could not be reached.

Register now for FREE unlimited access to
Reporting by Sneha Bhowmik; Editing by Sriraj Kalluvila

Our Standards: The Thomson Reuters Trust Principles.