Crypto exchange Binance will reportedly suspend sterling deposits and withdrawals after being informed by its partner Paysafe that the service will be halted from 22 May. The move will affect all Binance customers, and sterling transfers for new users have already been stopped on 13 March. While a spokesperson for Binance stated that the change would affect less than 1% of its users, the exchange did not provide information on the actual number of affected clients. Binance previously halted all dollar bank transfers in response to increased regulatory scrutiny in the US. Additionally, the exchange is currently under investigation by the Justice Department for possible money laundering and sanctions violations.
Source: https://www.reuters.com
