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Sunday, June 22, 2025

Bank Santander UK has banned the transfer of funds to the crypto exchange Binance

The decision of the financial institution is connected with a warning issued by the British financial regulator (FCA) at the end of June.

The British division of the Spanish bank Santander has notified customers of the suspension of operations with the cryptocurrency exchange Binance.

Users will no longer be able to send funds to the site from their Santander UK accounts. The bank’s decision is related to a warning issued by the British financial regulator (FCA).

On July 7, it became known that one of the largest financial conglomerates in the world, Barclays, prohibited clients in the UK from transferring funds to Binance.

Users have lost the ability to replenish their accounts on the crypto exchange from bank debit and credit cards, but the restriction does not apply to withdrawals.

At the end of June, the FCA announced that the largest crypto exchange in terms of trading volume, Binance, cannot operate in the country.

The regulator claims that the service provider of Binance.com is Binance Markets Limited, part of the Binance Group, which is not licensed to operate in the UK.

**SoftBank invested $ 200 million in Brazilian crypto exchange Mercado Bitcoin

**Musk explains the impossibility of mining Dogecoin on the Tesla supercomputer

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