Binance to suspend sterling withdrawals after UK partner ends service
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Binance, the world’s largest crypto exchange platform, has announced it will be suspending sterling deposits and withdrawals after its UK partner, Paysafe, ended its service agreement.
The exchange has said it will stop all UK deposits and withdrawals via card and Faster Payments from 22 May 2022. The decision is a result of Paysafe’s subsidiary Skrill’s decision to stop offering fiat services.
Under one per cent of the exchange’s customers are affected and any which are may still access their GBP balances.
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