{"id":45782,"date":"2021-07-08T19:28:37","date_gmt":"2021-07-08T16:28:37","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45782"},"modified":"2025-09-01T13:01:43","modified_gmt":"2025-09-01T10:01:43","slug":"santander-blocks-payments-to-binance-for-uk-customers","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/santander-blocks-payments-to-binance-for-uk-customers\/","title":{"rendered":"Santander blocks payments to Binance for UK customers"},"content":{"rendered":"<p>The British arm of Santander has notified customers that it will block payments to the cryptocurrency exchange Binance from their accounts. <a href=\"https:\/\/decrypt.co\/75489\/santander-blocks-payments-to-binance-for-uk-account-holders\" target=\"_blank\" rel=\"noreferrer noopener\">Decrypt<\/a> reports.<\/p>\n<p>In the email addressed to the Santander account holder that was in the publication&#8217;s possession, it states:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cWe would like to inform you that, as of 8 July 2021, we will block sending funds to Binance from Santander accounts as far as possible.\u201d<\/p>\n<\/blockquote>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"258\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/santander-1024x258.jpg\" alt=\"\u0411\u0430\u043d\u043a Santander \u0437\u0430\u0431\u043b\u043e\u043a\u0438\u0440\u0443\u0435\u0442 \u043a\u043b\u0438\u0435\u043d\u0442\u0430\u043c \u0438\u0437 \u0412\u0435\u043b\u0438\u043a\u043e\u0431\u0440\u0438\u0442\u0430\u043d\u0438\u0438 \u043f\u043b\u0430\u0442\u0435\u0436\u0438 \u043d\u0430 Binance\" class=\"wp-image-141915\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/santander-1024x258.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/santander-300x75.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/santander-768x193.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/santander.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: Decrypt<\/figcaption><\/figure>\n<p>The institution explained the measure as &#8216;help in protecting&#8217; customers and cited <a href=\"https:\/\/forklog.com\/en\/news\/uk-regulator-bans-binance-from-operating-in-the-country\">a warning from the financial regulator<\/a> in the United Kingdom regarding the exchange.<\/p>\n<p>In a statement, the Financial Conduct Authority (FCA) said that Binance Markets Limited, part of the Binance group, is not authorised to conduct any regulated activity in the country.<\/p>\n<p>A regulator spokesperson confirmed to Decrypt that the FCA has concerns about the exchange&#8217;s anti-money-laundering standards.<\/p>\n<p>The Securities and Exchange Commission of Thailand also <a href=\"https:\/\/forklog.com\/en\/news\/thailand-accuses-binance-of-operating-without-a-license\">stated<\/a> that Binance operates in the country without a licence.<\/p>\n<p>The Cayman Islands Monetary Authority <a href=\"https:\/\/forklog.com\/en\/news\/cayman-islands-regulator-launches-probe-into-binance\">initiated a probe into the company<\/a>.<\/p>\n<p>Following a series of statements by supervisory authorities, Binance founder Changpeng Zhao, in an open letter <a href=\"https:\/\/forklog.com\/en\/news\/changpeng-zhao-outlines-binances-push-to-protect-customers-and-ensure-compliance\">outlined the company&#8217;s plans<\/a> to ensure regulatory compliance and protect customers.<\/p>\n<p>In early July, <a href=\"https:\/\/forklog.com\/en\/news\/barclays-bars-uk-customers-from-sending-funds-to-binance\">banned customers from transferring funds to Binance<\/a>, one of the UK&#8217;s largest financial groups Barclays.<\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/www.facebook.com\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Facebook<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The British arm of Santander has notified customers that it will block payments to the cryptocurrency exchange Binance from their accounts. Decrypt reports.<\/p>\n","protected":false},"author":1,"featured_media":45783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1229,744,2205,810],"class_list":["post-45782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-banks-and-fintech","tag-binance","tag-santander","tag-united-kingdom"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=45782"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45782\/revisions"}],"predecessor-version":[{"id":45784,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/45782\/revisions\/45784"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/45783"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=45782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=45782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=45782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}