Major cryptocurrency exchange Binance said on Wednesday that sterling withdrawals from its platform had been reactivated, with users also able to buy digital coins with debit and credit cards.
Binance customers said on Tuesday they were unable to deposit or withdraw sterling from the platform, days after regulators in Britain cracked down on some of its activities in the country.Users of the exchange, one of the world's biggest, said they were unable to withdraw or deposit sterling via the Faster Payments network - which enables mobile, internet and other payments between British bank accounts - or bank cards.
Many users complained that Binance had given no information about transactions being blocked, beyond a"down for maintenance" message. While crypto trading is not directly regulated in Britain, offering services such as trading in cryptocurrency derivatives does require authorisation.
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