BREAKING: Binance suspends euro bank transfers amid regulatory | ⚡️ ALTUS.FINANCE ⚡️

BREAKING: Binance suspends euro bank transfers amid regulatory heat

Regulatory constraints facing Binance have forced the popular cryptocurrency exchange to temporarily halt bank transfers denominated in euros, according to an email sent to its customers on Tuesday.

Specifically, euro deposits via the Single Europe Payments Area, or SEPA, have been put on hold indefinitely due to circumstances beyond the exchange’s control.

The most recent decision came a day after British financial giant Barclays announced it would no longer facilitate customer payments to Binance after financial regulators warned users that the exchange was operating in the United Kingdom without proper licensing.

Despite facing backlash from the U.K., Japan, Canada and even the United States, Binance remains by far the largest cryptocurrency exchange in the world.