Crypto exchange Binance to halt sterling transfers

Published by
Reuters UK

By Elizabeth Howcroft and Tom Wilson LONDON (Reuters) -Binance is halting its sterling deposits and withdrawals, a company spokesperson said on Tuesday, a month after the crypto exchange ceased dollar transfers. Binance has been informed by its partner for sterling transfers, Paysafe, that it would halt its services from May 22, the spokesperson said, impacting all Binance customers. Sterling transfers for new users were stopped on Monday, it said. “Binance will ensure that affected users are still able to access their GBP balances,” the spokesperson said, adding that the change “affects less …

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