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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.
Updated Sep 14, 2021, 1:21 p.m. Published Jul 6, 2021, 9:23 a.m.
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."
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- 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."
Read more: Thailand SEC Files Criminal Complaint Against Binance
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