{"id":75495,"date":"2023-03-14T10:16:40","date_gmt":"2023-03-14T08:16:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=75495"},"modified":"2025-09-10T11:58:17","modified_gmt":"2025-09-10T08:58:17","slug":"binance-halts-deposits-and-withdrawals-in-pounds-sterling","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/binance-halts-deposits-and-withdrawals-in-pounds-sterling\/","title":{"rendered":"Binance halts deposits and withdrawals in pounds sterling"},"content":{"rendered":"<p>Binance halted deposits and withdrawals in pounds sterling for new users as of March 13. For all others, the ban will take effect on May 22, according to <a href=\\\"https:\/\/www.theblock.co\/post\/219443\/binance-payments-partner-paysafe-says-uk-regulatory-environment-is-too-challenging\\\">The Block<\/a>.<\/p>\n<p>\\n\\n\\n<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>&#8220;We have concluded that the regulatory framework in the United Kingdom for cryptocurrencies is too complex to offer such a service, and therefore this is a prudent decision on our part, taken due to serious concerns,&#8221; said a spokesperson for Paysafe, the platform&#8217;s financial partner.<\/p>\n<\/blockquote>\n<p>\\n\\n\\n<\/p>\n<p>The firm will continue to work with Binance in Europe and Latin America.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>The exchange estimated that the decision would affect less than 1% of users. Paysafe also said that the impact on the company&#8217;s business was &#8216;not significant&#8217;.<\/p>\n<p>\\n\\n\\n<\/p>\n<p>Binance <a href=\"https:\/\/u1f987.com\/en\/news\/binance-launches-payments-company-bifinity\">launched the company Bifinity<\/a>, which it positioned as the official payments provider for fiat and digital currencies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance halted deposits and withdrawals in pounds sterling for new users as of March 13. For all others, the ban will take effect on May 22, according to The Block.<\/p>\n","protected":false},"author":1,"featured_media":75496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,810],"class_list":["post-75495","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-united-kingdom"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75495","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=75495"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75495\/revisions"}],"predecessor-version":[{"id":75497,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/75495\/revisions\/75497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/75496"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=75495"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=75495"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=75495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}