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Clear Junction Has Decided to Suspend Deposits and Withdrawals to Binance

Binance continues to face problems, as another payments processor, Clear Junction, has announced it will stop processing transactions for it.

The decision by Clear Junction was made after the United Kingdom Financial Conduct Authority (FCA) ordered Binance to stop all regulated activity in the country.

Clear Junction has a license from the FCA and commented that it plans to act in “full compliance” with the FCA’s rules. It further revealed that it has stopped payments in British pounds and euros with deposits and withdrawals also planned to be suspended.

This is just the latest name to cut ties with Binance, as just the prior week, Binance itself decided to put on hiatus cash deposits made via SEPA, while Barclays confirmed that credit and debit card payments to Binance weren’t supported anymore. Santander has also blocked deposits to Binance.

The situation is international, as regulators in Japan and Thailand have made similar warnings.

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