HSBC has reportedly become the latest British bank to announce that it has suspended payments to cryptocurrency exchange Binance. Citing a consumer warning by the country’s financial regulator, the Financial Conduct Authority (FCA), the bank told its customers: “We’ve made this decision due to concerns about the possible risks to you.”
‘We’re Suspending Payments to Binance,’ Said HSBC
British bank HSBC has reportedly become the latest bank to suspend payments to global cryptocurrency exchange Binance. Several people have shared on Twitter a notice they claim to have received from the HSBC Banking Team in the U.K.
The notice, titled “We’re suspending payments to Binance,” reads:
We wanted to let you know we’re stopping payments from our credit cards to Binane wherever possible. We’ve made this decision due to concerns about the possible risks to you.
“We take our duty as a responsible lender seriously and want to do everything we can to protect you. We’ll continue to monitor the situation and let you know if