Binance To Halt Bank Transfers For UK Customers Amid Banking Crisis Binance Is Halting Its Sterling Deposits And WithdrawalsMarch 14, 2023Story: Jai PratapThe world’s largest crypto exchange by trading volume, Binance, will not support Sterling transfers from May 22, 2023.The announcement comes after Binance’s partner for Sterling transfer Paysafe confirmed that it will halt its services from May 22, 2023.Binance did not reveal the number of clients the move would impact.Binance will ensure that affected users are still able to access their GBP balances," Binance spokesperson told Reuters.The spokesperson added that the change "affects less than 1% of Binance users."Last month Binance suspended all dollar bank transfers amid a growing crackdown on crypto by U.S. authorities.The announcement comes at a time when more crypto firms are struggling to gain access to traditional finance systems.Read More Stories
