Tuesday, October 12

Binance Responds to Barclays’ Move

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Binance, the world’s largest cryptocurrency exchange, made a statement on its Twitter account after the leading British bank Barclays stopped making payments to the exchange by credit and debit cards.

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In the statement made on Binance’s Twitter account, the following statements were included:

It’s very disappointing to see some of our partners taking unilateral steps to stop serving Binance users as a result of their misunderstanding of things.

Our partner referred its users to an FCA notice sent to Binance Markets Limited (BML). The company said it took this action to keep people’s money safe. We have always taken the security of our users’ money very seriously. The FCA’s statement was not about user deposits. The FCA statement relates to BML, an FCA regulated company incorporated in the United Kingdom. BML is a separate legal entity and does not offer any services or products through binance.com.

If our partners have any concerns, we welcome a meeting to discuss the matter. For questions about BML, please [email protected] contact with.

We take our compliance obligations very seriously and are committed to working collaboratively with regulators to shape policies that protect consumers, foster innovation and advance the industry.

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