Binance: Total blockade of the major British bank HSBC

It's getting tighter: after Barclays, HSBC, the second major British bank, is now also preventing its customers from making payments to the Binance crypto exchange.

Another shock for Binance customers: Bank HSBC is banning its British customers from using credit cards to make payments to the crypto exchange. This emerges from tweets in which the affected customers posted the bank's message. The decision was probably made on the basis of an announcement by the British regulatory authority, the Financial Conduct Authority (FCA), in June. The authority announced at the time that Binance was not allowed to conduct regulated activities in the UK.

We will not comment on individual securities or cryptocurrency exchanges. We attach particular importance to high anti-money laundering (AML) standards and the know-your-customer principles and accordingly we closely monitor developments, customer demand and changing regulations in these markets

Yahoo Finance quoted an HSBC spokesman on the matter.

Binance criticizes HSBC's lack of willingness to engage in dialogue

A Binance spokesman told Coindesk that he was disappointed by the sudden blockade of the bank.

We would welcome a dialogue to discuss any concerns. We take compliance obligations very seriously and strive to work together with the regulatory authorities. We want to create a policy that protects consumers, encourages innovation and advances our industry

is the company's point of view. Just under a month ago, the British bank Barclays took a similar measure and prevented its customers from making payments to Binance.

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