World-renowned British bank Barclays announced that it has stopped debit/credit card payments to its customers to the cryptocurrency exchange Binance “until further notice”.
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The bank’s customer service is directing a number of disgruntled Binance users to the FCA’s website.
On June 26, the FCA issued a warning to consumers that Binance Markets Limited is not allowed to conduct any regulated business in the country. However, Binance said BML was a separate thing, claiming that the FCA’s notice would not affect its operations within the UK.
Apart from the UK, Binance is also facing intense regulatory scrutiny in Canada, Thailand, the Cayman Islands, Japan and elsewhere.