NatWest Bank Banned Binance Deposits Completely – Bits Media

Large UK retail and commercial bank NatWest has completely restricted deposits from its credit and debit cards to Binance cryptocurrency exchange due to regulatory uncertainty.

The bank has been limiting the size of deposits on exchanges for several weeks digital assets, Including Binance. However, the actions of the financial supervision department (FCA) Great Britain in relation to this site prompted the leadership of Natwest to completely block payments. In addition to Binance, payments were blocked in favor of some other companies, Which ones - not specified.

The representative of Natwest noted, that such a solution is associated with a high level of fraud in investments in cryptocurrencies and the desire of the bank to protect its customers. At the same time, the bank customers will be able to continue to receive payments in cryptocurrencies.

After the appropriate entry in the user support center on the Natwest website, the cryptocurrency community exploded by criticism. One of the customers of the bank even said, that will take a long -term contribution, Since he "did not give them the right to make financial decisions for him".

Earlier, another large British bank Barclays banned Binance exchange deposits. Bannies are related to the warning of the financial supervision department (FCA) About that, that the site cannot carry out regulated activities in the country.