Binance gedaald door European payment processor clear intersection

European payment processor Clear Junction said today it will stop trading for Binance, the world’s largest crypto exchange. 

The London-based company said on its website that the decision was made after the Financial Conduct Authority (FCA), the British Financial Supervisory Authority, issued a warning to consumers last month against Binance Markets Limited, which plans to launch the UK’s crypto exchange.on the order. 

Clear Junction said it was working ” in full compliance with FCA rules and guidelines on the handling of payments at Binance.”

UK regulator FCA has “major problem” in Binance headquarters absence

“We have decided to suspend payments in Sterling and Euros and will no longer facilitate deposits or withdrawals in favour of or on behalf of the crypto trading platform,” the company said. 

“The decision comes after the Financial Conduct Authority’s recent statement that Binance should not engage in regulatory activities in the UK.”

Last month, the FCA said Binance Markets Limited, the only registered Binance company in the UK, did not have a licence to do business in that country, but UK customers could continue to use it

Since then, a number of UK banks, including Natwest and Santander, have restricted the ability of account holders to access binance or other crypto exchanges. 

Binance-the world’s largest crypto exchange. Unlike other popular exchanges such as San Francisco-based coinbase, Binance has no official headquarters.

The UK’S FCA told decrypt last month that it was concerned about this and that the company was approaching money laundering standards. 

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