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Binance Halts Deposits and Withdrawals for Customers in the UK

  • Move comes after local partner halts service for Binance
  • Banking partner Paysafe cites UK regulators’ crypto approach

Binance Holdings Ltd., the world’s largest crypto exchange, is suspending deposit and withdrawal services via bank transfers and card payments for UK customers after its local banking partner stopped providing support for transactions in British pounds.  

Paysafe, a London-based online payments company, said it would stop providing one of its products to Binance’s customers in the UK, citing local regulators’ approach to cryptoassets. Paysafe didn’t say whether it would drop support for other crypto companies as well.