7/7/2021 3:10:12 AM GMT
Binance has temporarily halted deposits made through the SEPA platform to the exchange.
Payments through the European-based network will be reactivated within seven working days.
This move comes after one of the UK’s major banks announced the suspension of credit and debit card payments to the exchange.
Binance continues to face headwinds as the world’s largest crypto exchange has suspended euro bank deposits from the Single Euro Payments Area (SEPA).
Binance sees another payment method halted
Cryptocurrency traders use SEPA to transfer large sums of money onto exchanges through its network that supports quick and easy payments in Europe. There are currently 36 countries that use SEPA who will now be unable to use the system to deposit fiat into Binance.
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