Binance suspends GBP Bank Withdrawals (via Faster Payments)

By Cotswolds-Brad | Cotswolds | 12 Jul 2021


It seems the UK FCA actions have further impacted UK investors with Binance

“Please note that GBP Bank Withdrawals (via Faster Payments) have been temporarily suspended. We are working to resume this service as soon as we can. In the meantime, users are still able to buy cryptocurrencies with GBP via Credit/Debit Cards on Binance”

UK investors might want to take a look here https://register.fca.org.uk/s/search?predefined=CA however when I looked myself, the choice seemed quite limited for my personal needs and at time of writing I will be looking elsewhere, but individuals should make their own minds up, I’m not a financial advisor and this is not financial advice.

For me it’s quite frustrating, I’ve gone into this with my eyes wide open, understand risks and accept responsibility to manage them, what worries me is where this will all end, is this just the tip of the iceberg for UK investors?

I’m still hopeful that Binance will find a solution and if that happens I will post an update.

 

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Cotswolds-Brad
Cotswolds-Brad

Living the dream in the beautiful Cotswolds in the UK 🇬🇧.


Cotswolds
Cotswolds

Embarking on the crypto journey from the idyllic Cotswolds

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