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Crypto exchange Binance temporarily suspends payments from EU's Sepa network -FT

Cryptocurrency exchange Binance will suspend euro bank deposits from one of Europe's key payments networks, the Financial Times reported on Tuesday, citing an email sent to users by the exchange.

Crypto exchange Binance temporarily suspends payments from EU's Sepa network -FT

FILE PHOTO: Binance logo and stock graph are displayed in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

REUTERS: Cryptocurrency exchange Binance will suspend euro bank deposits from one of Europe's key payments networks, the Financial Times reported on Tuesday, citing an email sent to users by the exchange.

It said that from 8 a.m. universal coordinated time on Wednesday, customers would no longer be able to deposit funds through the Single Euro Payments Area, or Sepa, schemes, according to the newspaper. The move was due to "events beyond our control", the exchange said in the email cited by the FT https://on.ft.com/36eLSLS.

(Reporting by Kanishka Singh in Bengaluru; Editing by Leslie Adler)

Source: Reuters

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