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Binance Suspends Euro Deposits Via Bank Transfers Amid Regulatory Scrutiny

Tue, 07/06/2021 - 19:06
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Alex Dovbnya
Binance has temporarily disabled SEPA-powered euro deposits for unknown reasons
Binance Suspends Euro Deposits Via Bank Transfers Amid Regulatory Scrutiny
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Cryptocurrency exchange Binance has suspended euro deposits via the Single Euro Payments Area (SEPA) network due to events that are “beyond” its control, according to an email sent to its customers:    

Due to events beyond our control, we are temporarily suspending EUR deposits via SEPA Bank Transfers from 8 am UTC on July 7, 2021.

Binance claims that it’s working with its partners to resolve the problem.

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Customers will still be able to make euro deposits to the world’s largest cryptocurrency exchange via credit cards and debit cards.

The suspension of bank transfers comes amid increasing regulatory scrutiny faced by Binance from regulators around the world.           

As reported by U.Today, Barclays banned cardholders from conducting payments to the exchange on July 5.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at