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Just-In: Binance Reactivates Sterling Pound Withdrawals Days After Outage

Binance crypto exchange has reactivated sterling pound deposits and withdrawals just two days after the service went down. Coingape had reported earlier that the British customers were unable to withdraw or deposit the native fiat on Binance without any prior warning from the crypto exchange.

The outage of withdrawal/deposit service also came amid reports of FCA, UK’s financial watchdog, allegedly banning Binance’s services. However, a deep dive into FCA’s warning revealed the “Ban-Theory” was quite far from the truth. The FCA warning was routine since crypto assets are not fully regulated in the country. The exchange also assured customers that FCA’s recent actions wouldn’t impact any of their services for the British customers.

One of the spokespeople from the crypto exchange revealed the direct debit and credit purchase option along with faster internet banking is reactivated again.

 

The post Just-In: Binance Reactivates Sterling Pound Withdrawals Days After Outage appeared first on Coingape.

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