{"id":305516,"date":"2021-07-22T16:42:00","date_gmt":"2021-07-22T13:42:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/natwest-cuts-payment-channels-to-binance-citing-regulatory-uncertainty\/"},"modified":"2021-07-22T16:42:00","modified_gmt":"2021-07-22T13:42:00","slug":"natwest-cuts-payment-channels-to-binance-citing-regulatory-uncertainty","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/natwest-cuts-payment-channels-to-binance-citing-regulatory-uncertainty\/","title":{"rendered":"# NatWest cuts payment channels to Binance, citing regulatory uncertainty"},"content":{"rendered":"<p>&#8220;<strong># NatWest cuts payment channels to Binance, citing regulatory uncertainty <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZmRiZDM1NzYtYjE5ZC00NTc4LTg1NjMtZDU3NDNiYWU0OTU0LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, multiple users on <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social media<\/a> reported on Thursday.<\/p>\n<p>\u201cWith an increase in scams relating to cryptocurrency and regulatory uncertainty around Binance in the United Kingdom, we want to make sure that your money is safe,\u201d NatWest reportedly said in a customer notice.<\/p>\n<p>The move has triggered widescale outrage in the crypto community, with many disgruntled NatWest clients expressing their discontent with the bank willing to decide how to spend their money.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I welcome advice on how I spend &amp; invest my money here in the UK, but do not force obstruction. This is so far from the solution to the problems you are claiming it solves within <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/binance?ref_src=twsrc%5Etfw\">@binance<\/a> &amp; cryptocurrency scams <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/NatWest_Help?ref_src=twsrc%5Etfw\">@NatWest_Help<\/a>. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/cKKwM2UQKY\">pic.twitter.com\/cKKwM2UQKY<\/a><\/p>\n<p>\u2014 FEGMike  (@FegMike) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/FegMike\/status\/1418173184520724485?ref_src=twsrc%5Etfw\">July 22, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Some crypto enthusiasts expressed dis<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ointment with Natwest\u2019s move, with one Twitter user\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/SpecialKav\/status\/1418173230922321925?s=20\">stating<\/a> that \u201cIt\u2019s like people can\u2019t spend their money on what they want anymore.\u201d\u00a0\u00a0One reported NatWest user even\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/MeanLeanFitness\/status\/1418173796314456064?s=20\">complained<\/a>, \u201dI will be removing my long term custom, and I encourage others to do the same. I have not authorised them to make financial decisions on my behalf.\u201c\u00a0<\/p>\n<p>Neither Binance nor NatWest immediately responded to Cointelegraph\u2019s request for comment.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Binance stops stock token sales, \u2018effective immediately\u2019<\/em><\/strong><\/p>\n<p>NatWest has previously restricted crypto services to its users. The company introduced a daily limit for crypto purchases by its clients in late June, targeting a number of crypto exchanges including Binance.<\/p>\n<p>The bank has followed the example of Barclays, the British multinational universal bank that started blocking payments to Binance in late June until further notice. A spokesperson for Binance subsequently emphasized that the Financial Conduct Authority\u2019s recent warning about the firm only applied to Binance Markets Limited, a separate legal entity from the main global exchange that operates through Binance.com.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/natwest-cuts-payment-channels-to-binance-citing-regulatory-uncertainty\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# NatWest cuts payment channels to Binance, citing regulatory uncertainty &#8221; NatWest, a major United Kingdom-based retail and commercial bank, has blocked all credit and debit card payments to crypto exchange Binance until further notice, multiple users on social media reported on Thursday. \u201cWith an increase in scams relating to cryptocurrency and regulatory uncertainty around&#8230;<\/p>\n","protected":false},"author":1,"featured_media":305517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDcvZmRiZDM1NzYtYjE5ZC00NTc4LTg1NjMtZDU3NDNiYWU0OTU0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75014,74862,74863,74860,103036,74889,70934,4966],"class_list":["post-305516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-binance","tag-bitcoin","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-natwest","tag-payments","tag-regulation","tag-united-kingdom"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/305516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=305516"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/305516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/305517"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=305516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=305516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=305516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}