Barclays’ decision to stop facilitating British customers’ payments to Binance has been met with criticism by the cryptocurrency exchange after a spokesperson told Cointelegraph that the bank acted with “an inaccurate understanding of events.”
"We are disappointed that Barclays (LON:BARC) appears to have taken unilateral action based on what appears to be an inaccurate understanding of events,” the spokesperson said, referring to a recent edict by the United Kingdom’s Financial Conduct Authority, or FCA, barring Binance Markets Limited from operating in the country.