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Category: Financial Conduct Authority

U.K. Payment Network Freezes Withdrawals for Binance Customers

Two days after the FCA issued a ban on Binance operations in the United Kingdom, Binance customers are now facing problems of withdrawals. As per the latest Financial Times report, Binance’s U.K customers have lost the ability to withdraw and deposit Sterling Pounds via Faster payments, one of the country’s major payment systems. On Monday,

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U.K’s Financial Watchdog FCA Asks Binance to Immediately Stop All Operations In Britain

Amid the recent crypto-mania, regulators worldwide have swung in action. U.K’s top financial watchdog – Financial Conduct Authority (FCA) – has asked crypto exchange Binance to stop all regulated activities on an immediate basis. The FCA has now imposed stringent requirements and is one of the most significant regulatory actions imposed by a global regulator

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U.K’s Starling Bank Temporarily Suspends Fund Transfer to Crypto Exchanges

Amid the rising financial crimes taking place in the United Kingdom, banks have been holding up transfers to crypto exchanges and suspending payments. A similar incident recently happened in India before RBI issued its latest clarification. In the latest development, U.K’s major banking institutions like Barclays, Monzo, and Starling restricted its users from transferring money

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British Bank NatWest Launches Crypto Scam Alert for Mobile App Users

In a major development, British Westminster Bank NatWest has come to the rescue of crypto investors. In order to protect investors from dubious crypto schemes and crypto scams, NatWest has launched an ‘urgent’ crypto scam alert for its mobile app users. Users of the NatWest mobile app will be directed to a warning scheme in

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