$81,907.00
-0.63%$1,798.37
-0.93%$2.13
0.55%$597.20
-0.84%$124.22
-0.01%$0.999894
0.00%$0.166852
-0.46%$0.658385
-1.41%$0.231468
-0.40%$1,794.56
-1.23%$81,829.00
-0.63%$3.90
5.44%$13.38
-0.55%$9.13
-4.84%$0.265056
-0.16%$18.87
-3.81%$2,149.28
-1.28%$0.999774
-0.01%$2.32
1.24%$0.0000124
-0.75%$0.168044
-1.39%$85.56
0.79%$4.02
-0.04%$6.18
-0.32%$296.40
-1.38%$4.55
-1.13%$1.00
0.04%$1,796.89
-1.01%$1.002
0.24%$0.760746
-5.74%$12.42
-1.84%$1,912.48
-0.97%$28.18
-0.00%$217.30
1.74%$5.87
-0.65%$5.26
1.44%$2.58
1.19%$1.045
0.04%$0.00000692
-2.66%$48.22
0.33%$0.102522
1.65%$22.16
0.17%$81,990.00
-0.50%$0.787887
-2.09%$33.03
-6.98%$0.995911
-0.29%$5.25
-0.71%$16.41
-0.25%$0.787537
-0.14%$163.86
-1.87%$1.16
-0.08%$10.13
1.51%$0.02261707
-0.17%$0.366924
0.19%$1.00
0.00%$224.91
-2.52%$4.28
1.44%$3.23
1.33%$3.44
-0.76%$2.73
0.37%$0.202212
0.18%$82,060.00
-0.38%$4.00
-0.29%$0.063998
0.71%$0.491121
1.43%$0.179844
-1.32%$0.329535
0.44%$5.30
0.43%$11.07
0.09%$0.479676
2.30%$82,211.00
-0.29%$0.466452
0.03%$0.744889
-1.58%$1,872.10
-0.89%$1,802.77
-0.75%$1,283.89
-1.04%$1.067
-0.94%$0.067339
-1.20%$0.423967
-4.03%$129.86
0.22%$68.92
0.64%$17.46
-1.24%$0.997394
-0.18%$0.532073
-2.24%$0.775047
0.43%$0.608568
-1.44%$0.99749
-0.03%$0.588921
8.47%$2,035.19
-0.93%$0.00001119
0.04%$0.175285
-1.62%$0.088586
0.42%$8.57
-0.75%$0.01370942
3.43%$0.998725
-0.05%$0.806547
-1.97%$0.999916
0.02%$81,692.00
-0.32%$7.28
-3.33%$0.997874
-0.15%$0.854343
-1.43%$3,120.10
-0.19%$0.999647
-0.02%$599.49
-0.48%$1,908.70
-1.18%$2.21
1.27%$3,112.06
0.08%$0.648804
-0.00%$0.01528719
0.31%$0.00000067
-0.41%$81,790.00
-0.66%$0.26863
0.71%$0.170343
-0.05%$31.37
0.30%$0.999458
0.09%$0.470868
-3.61%$158.87
-0.26%$0.103019
1.10%$0.378348
0.76%$37.54
4.26%$1.97
-0.89%$3.14
-1.86%$0.00005757
0.72%$1,873.67
-1.02%$7.33
-3.31%$0.01094794
0.44%$0.420646
6.10%$0.999802
0.08%$136.15
0.10%$0.144231
1.31%$15.74
0.84%$0.073468
-2.97%$1.71
0.26%$0.997716
0.02%$0.63602
-0.02%$0.474061
18.34%$0.999354
-0.06%$81,059.00
0.36%$0.998905
-0.07%$2.89
-0.68%$1.67
2.09%$16.35
2.11%$28.03
0.99%$0.243482
0.68%$0.420207
-0.27%$0.00494177
-0.16%$0.449673
6.38%$0.435108
2.13%$0.701111
-0.61%$0.167431
-0.40%$1,907.61
-1.15%$0.00000043
0.13%$6.41
3.22%$5.93
-6.88%$82,114.00
-0.38%$0.441395
2.33%$1,797.66
-1.02%$0.150118
2.81%$82,229.00
0.03%$2.52
1.58%$1.08
-0.12%$0.997602
-0.11%$0.079066
1.33%$0.04176848
0.68%$0.00001984
0.50%$0.603971
-0.49%$1.12
0.23%$1,795.41
-1.15%$110.49
0.00%$1.10
0.58%$1,797.00
-0.98%$0.00734875
1.31%$0.471642
1.43%$0.46532
-0.48%$0.00590066
4.04%$1,879.88
-1.85%$81,746.00
-0.77%$0.86516
0.69%$0.202958
0.43%$0.006378
0.83%$0.998017
-0.16%$39.00
1.06%$0.999153
-0.03%$0.36697
-0.72%$0.171136
4.94%$0.99677
-0.23%$0.01020104
-3.58%$81,651.00
-0.36%$0.00392197
-1.35%$0.00000162
0.34%$0.00005997
1.44%$1,800.02
-0.86%$1.001
-0.19%$1,805.86
-0.85%$2.89
13.11%$1.49
2.32%$118.86
-0.50%$0.0307263
-2.17%$1.22
2.00%$0.543652
1.06%$0.02998242
-1.10%$0.24138
-0.22%$1.23
-4.60%$0.248065
0.83%$1,783.43
-0.91%$3.61
-3.58%$1,800.39
-0.92%$2.87
2.79%$0.627828
-2.56%$21.78
2.10%$81,537.00
-0.68%$81,934.00
-0.52%$0.772534
0.22%$0.189013
0.23%$0.258112
1.52%$3,083.43
0.00%$15.77
0.05%$1,901.77
-0.86%$1.059
1.45%$1,966.24
-1.06%$0.998746
-0.09%$0.08453
-0.63%$0.496117
1.22%$0.066599
1.47%$0.03538527
-0.04%$0.03027709
-1.75%$1,953.55
-0.99%$0.115877
-0.58%$0.00264561
0.81%$0.102969
0.35%$0.00226933
2.18%$0.00311382
-2.17%$0.934064
0.66%$0.0299842
-0.16%$1,648.68
-0.44%$0.504061
-0.14%$1,795.68
-1.02%$0.535087
1.58%$0.00478846
0.14%$0.01112281
-0.18%$19.90
-0.57%$2.18
0.03%$0.635954
-0.10%$0.00238736
11.11%$2.12
1.73%$0.999426
-0.03%$0.289462
1.92%$0.208521
-2.24%Reading
Role
Founder and former CEO of Binance
Location
Cayman Islands
Education
McGill University
Current Project
TBD
Previous Projects
Binance, BijieTech, Blockchain, Fusion Systems, Bloomberg
Deposits and withdrawals in British Pounds (GBP) using both the Faster Payments service and bank cards are currently unavailable to Binance’s UK customers.
Binance’s site currently displays a message that both GBP payment channels are “suspended.” The news comes on the heels of the Financial Conduct Authority’s consumer warning against Binance Markets Limited, which the regulator has clarified is not an outright ban on the crypto exchange operating in the UK.
On Binance’s website, UK customers are greeted with a notice saying that both transaction methods are “suspended” for deposits, and “suspended for maintenance” for withdrawals.
Binance’s UK customers can still access the exchange and trade cryptocurrencies on it, and channels to deposit and withdraw other fiat currencies appeared to be available. However, the absence of any channel to withdraw using GBP means that UK customers will struggle to get their funds out of the exchange.
A Binance spokesperson told Decrypt that Faster Payments could be back online "within the hour," but declined to comment on possible withdrawals using bank cards.
Faster Payments—owned and operated by payments authority Pay.UK—allows for mobile, Internet, telephone and standing order payments to move swiftly between UK bank accounts.
'Faster Payments' shows as 'suspended' for GBP deposits. Please tell your UK customers what is going on (a simple message in our inbox will be fine, but a public announcement will be better), I want to know whats happening !!
— Keith Mason (@KeithMasonAK) June 28, 2021
Faster Payments has been down for would-be UK Binance customers since yesterday. However, as of this morning UK time, withdrawals from Binance using a bank card are also “suspended”.
The removal of both GBP payment channels on Binance for UK customers comes as the FCA issued a consumer warning relating to Binance Markets Limited, the crypto exchange’s UK entity.
While the FCA doesn’t have a remit that would encompass banning Binance in the UK directly, the financial watchdog prohibited Binance Markets Limited from offering any “regulated services” in the UK.
The UK's Financial Conduct Authority (FCA) has confirmed to Decrypt that its decision to issue a consumer warning against Binance Markets Limited over the weekend was related to the firm's anti-money laundering standards. “Putting two and two together, we obviously have issues with standards in that area,” a spokesperson for the FCA told Decrypt today. The FCA declined to elaborate on the specific concerns it has regarding Binance Markets Limited’s approach to AML (anti-money laundering) safeg...
This strikes a blow to Binance’s efforts to launch a bespoke UK crypto exchange, because Binance Markets Limited was acquired in order to “own and operate” Binance’s planned UK exchange.
“The broader implication of this move by the FCA is that regulators around the world are going to increase their attempts to regulate an industry that is becoming too big to ignore,” said Elan Nahari, contributor to DeFi protocol Sovryn.
Smoke from Nicaraguan cigars choked out the room as a heavy-set Bitcoin miner from the Deep South explained how the industry was expanding at an exponential rate. "You have no idea," he said at this year's Mining Disrupt pre-party in Fort Lauderdale, Florida, before following up with the common Bitcoiner maxim—repeated by President Trump on the campaign trail—that you should never sell your stash. Having been involved in the space since the early days, he recalled buying a Ferrari with orange c...
Elon Musk’s favorite cryptocurrency made a comeback at the end of last year as retail investors flooded back into the market to snap up Dogecoin. The coin was launched as a joke in 2013, but has persisted over the years and remained prominent. But just how serious is the business of mining the O.G. meme coin? People are actively buying the machines to do so, according to vendors at this year’s Mining Disrupt conference in Fort Lauderdale, Florida. Though the conference was heavily focused on th...
Banks can engage in cryptocurrency and other legally permitted activities without seeking prior regulatory approval, so long as they manage risks appropriately, The Federal Deposit Insurance Corporation announced Friday. The policy change rescinds a 2022 requirement that mandated FDIC-supervised institutions notify the agency before engaging in crypto-related activities. Under the new guidance, banks can offer services involving digital assets without the agency's advance permission. "With today...
