FCA

In a document published on Wednesday, the UK’s Financial Conduct Authority (FCA) declared that the world’s biggest crypto exchange platform is not capable of being properly supervised and poses a significant risk to consumers.

UK bank NatWest has become the latest financial institution to block payments to cryptocurrency trading platform Binance.

Cryptocurrency platform Binance has been forced to suspend the withdrawal of British pounds and euros as payments provider Clear Junction stops facilitating the currencies.

Lloyds Bank and subsidiary Halifax have been fined £90 million for sending customers misleading insurance renewal letters that implied they were receiving a competitive price without the claim being supported by evidence.

The announcement by the British bank follows the Financial Conduct Authority’s (FCA) decision to bar Binance from conducting regulated activities in the country.