UK-based Clear Junction ends partnership with Binance

July 16, 2021

UK-based Clear Junction ends partnership with Binance

UK-based payment processor Clear Junction has refused to process payments linked to Binance, according to its website. This is according to the company's website.

   "Clear Junction is acting in full compliance with the FCA's rules and regulations regarding the processing of Binance payments," it said in a statement.

In late June, the regulator banned Binance Markets Limited from any regulated activities in the country without prior written approval. The exchange said the said entity was not providing services on the domain.

UK-based Barclays has since banned customers from transferring funds to Binance.

The local branch of Santander Bank notified customers that it would block payments to the cryptocurrency exchange from their accounts.

From 7 July, Binance suspended the acceptance of deposits in euros through the SEPA payment system.

Earlier, the Cayman Islands began a review of the exchange, Thailand accused it of operating without a license and Japan issued another warning. Poland's regulator urged caution when using the platform.

Recall that following a series of allegations by regulators, Binance CEO Changpeng Zhao spoke in an open letter about the company's plans to ensure regulatory compliance and customer protection.

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About the author

Hi there, my name is Zalman Weinberg. I'm enthusiast with over 7 years of experience in cryptocurrencies and blockchain. Professional Trader providing Blockchain solutions to Startups and Enterprises. Expert in all cryptocurrency exchange APIs (BitMEX, Bittrex, Binance, Bitfinex, Kraken, Poloniex, Gdax etc.). I have also worked with multiple Forex broker APIs.

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