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Barclays Block Is Based on 'Inaccurate Understanding,' Binance Says

An FCA warning refers to Binance Markets, not www.binance.com, the crypto exchange said.

By Jamie Crawley
AccessTimeIconJul 6, 2021 at 9:23 a.m. UTC
Updated Sep 14, 2021 at 1:21 p.m. UTC
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Binance said the decision by Barclays to prevent customers using debit and credit cards to buy crypto on the exchange appears to be based on an "inaccurate understanding of events."

  • Barclays said yesterday that it is stopping card payments to Binance following the Financial Conduct Authority's warning that the exchange should not be operating in the U.K.
  • "We are disappointed that Barclays appears to have taken unilateral action based on what appears to be an inaccurate understanding of events," a Binance spokesperson said.
  • Binance said the FCA warning specifically referred to Binance Markets and "does not apply to the products and services provided through www.binance.com."
  • “We would welcome a dialogue with Barclays to discuss any concerns that they have and we hope that the above information helps to provide clarity on the matter."

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