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Santander's UK arm follows Barclays in banning payments to Binance

Published 07/08/2021, 03:20 PM
Updated 07/08/2021, 05:00 PM
Santander's UK arm follows Barclays in banning payments to Binance

Spain-based bank Santander’s U.K. business will no longer be allowing its customers to send payments to Binance, citing warnings from the Financial Conduct Authority.

Several replies from Santander’s U.K. Twitter help account today said the bank has “decided to prevent payments” to the world’s biggest crypto exchange in an effort to prevent fraud. The bank reportedly told customers they would still be able to withdraw cash from Binance, but it would be “following the FCA’s warning to consumers” in banning payments.

Source: Twitter

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