The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
All Alt Coin

HSBC Cuts Payment Channels to Crypto Exchange

by Miki 08/04/2021
by Miki 08/04/2021 0 comment

Apart from HSBC, some other UK banks, such as Barclays, have already blocked payments to Binance.

British investment banking company HSBC Holdings plc (NYSE: HSBC) has joined the train of financial institutions in the UK, cracking down on popular crypto exchange Binance. Beginning from the 2nd of August, HSBC has stopped its UK customers from making payments to Binance cryptocurrency exchange. 

HSBC Stops Payments into Binance

HSBC is disallowing its UK customers from using credit cards in making payments to the exchange platform “wherever possible.” HSBC’s recent action against Binance came after the UK Financial Conduct Authority (FCA) announced that Binance is not allowed to perform any kind of regulated activities in the country. According to the FCA, no entity in the Binance Group “holds any form of UK authorization, registration or license to conduct regulated activity in the UK” 

HSBC has been contacting its UK customers to inform customers about the crackdown on Binance. The bank stated that the decision was made due to possible risks its customers may be facing. The financial institution added that it is passionate about protecting its customers. HSBC said it would continue to “monitor the situation” and update customers of any changes in the future. 

A spokesperson of the bank also confirmed that the bank has communicated with its UK customers on certain changes: 

“We won’t comment on individual securities or cryptocurrency exchanges. We place particular emphasis on high anti-money-laundering (AML) and know-your-customer (KYC) standards, and are closely following developments, client demand and changing regulation in these markets.”

UK Banks Block Customers from Making Payments into Binance

Apart from HSBC, some other UK banks, such as Barclays (LON: BARC), have also blocked payments to Binance. NatWest (NYSE: NWG) and Spanish banking giant Banco Santander (LON: BNC) also stopped payments to Binance in the UK. 

Binance crypto exchange expresses displeasure with HSBC’s action. A spokesperson from Binance said the exchange is open to discuss any concerns the bank may have. The spokesperson added:

“We take our compliance obligations very seriously, and we are committed to working collaboratively with regulators to shape policies that protect consumers, encourage innovation, and move our industry forward.”

A few months ago, HSBC reportedly backlisted MicroStrategy (NASDAQ: MSTR) stock on its online trading platform. A Twitter user claimed to receive a message from the investment bank on the 29th of March stating that MicroStrategy’s stock is now considered a virtual currency product. Hence, the bank said it would stop new purchases or transfer-in of MSTR. 

At the time of writing, HSBC is down 0.22% to $27.80 at pre-market trading. The bank surged nearly 28% over the last twelve months and gained 7.53% in its year-to-date record. Additionally, HSBC has added 0.54% in the last five days. On the other hand, the banking giant has declined 11.58% in the last three months and shed more than 3% over the past month. 

next Altcoin News, , Business News, Cryptocurrency news, Market News

Thank you!

You have successfully joined our subscriber list.



Source link

Views: 1
ChannelsCryptoCutsExchangeHSBCPayment
Share
0
FacebookTwitterPinterestEmail
previous post
Ethereum, China, and how they played a part in Tether’s flattened supply
next post
The Bullish Bitcoin Crossover No One Is Paying Attention To

Related Posts

Are Solana’s bulls really strong enough to halt...

12/29/2021

IXFI Announces Launch of New-Age Exchange Platform

12/29/2021

Litecoin repeating history will have this effect on...

12/28/2021

More than just a game – what GameFi...

12/28/2021

Even as network hits one million users, FTT...

12/28/2021

Fintech Expert Makes Six Bold Predictions for Crypto...

12/28/2021

A recovery rally in play for Sushiswap, as...

12/28/2021

SEC Accused of Deliberately Trying to ‘Kill’ XRP...

12/28/2021

Recent gains may finally boost Aave’s dominance in...

12/28/2021

Santa Floki Price Rallies 5,000% after Elon Musk’s...

12/28/2021

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

For security, use of Google's reCAPTCHA service is required which is subject to the Google Privacy Policy and Terms of Use.

I agree to these terms.

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

    12/29/2021
  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

    12/29/2021
  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

    12/29/2021
  • Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

    12/29/2021
  • Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

    12/29/2021

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Ripple (149)

About Us

About Us

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, blockchain, Market, and more.

Featured Posts

  • Top 7 Crypto Marketing Firms of 2021!

  • Cardano’s HODLers have a lesson to learn about short-term gains

  • (HOOD), ($DOGE) – Josh Brown Calls Robinhood An Online Gambling Platform, Helped Propped Up By Dogecoin

Recent Posts

  • Are Solana’s bulls really strong enough to halt further decline

  • Elon Musk thinks this individual could be the potential Bitcoin (BTC) creator Satoshi

  • Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

Categories

  • All Alt Coin (2,280)
  • Analysis (312)
  • Bitcoin (1,302)
  • Blockchain (1,068)
  • Dogecoin (700)
  • Ethereum (304)
  • Learn (139)
  • Mining (0)
  • Ripple (149)
  • Uncategorized (0)
  • Facebook
  • Instagram
  • Linkedin
  • Contact
  • Privacy Policy
  • Terms & Conditions

@2021 -thecryptonewsweb.com - All Right Reserved.

The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$29,814.001.96%
  • ethereumEthereum(ETH)$1,976.320.40%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$332.163.23%
  • usd-coinUSD Coin(USDC)$1.00-0.15%
  • rippleXRP(XRP)$0.403959-0.43%
  • Binance USDBinance USD(BUSD)$1.000.23%
  • cardanoCardano(ADA)$0.520.71%
  • SolanaSolana(SOL)$49.190.12%
  • polkadotPolkadot(DOT)$10.021.84%
  • dogecoinDogecoin(DOGE)$0.083527-0.60%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$29,787.001.89%
  • Lido Staked EtherLido Staked Ether(STETH)$1,933.630.40%
  • AvalancheAvalanche(AVAX)$28.63-0.47%
  • tronTRON(TRX)$0.0814214.65%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • Shiba InuShiba Inu(SHIB)$0.000012-0.03%
  • daiDai(DAI)$1.00-0.10%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • litecoinLitecoin(LTC)$69.460.63%
  • CronosCronos(CRO)$0.1895042.07%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.880.20%
  • matic-networkPolygon(MATIC)$0.651.18%
  • NEAR ProtocolNEAR Protocol(NEAR)$5.851.43%
  • HederaHedera(HBAR)$0.389473-3.44%
  • FTX TokenFTX Token(FTT)$29.700.56%
  • bitcoin-cashBitcoin Cash(BCH)$193.572.56%
  • RareRare(RARE)$0.0461220.00%
  • moneroMonero(XMR)$196.274.67%