United Kingdom riddled with crypto scams
Owing to the lack of regulation and restriction in the United Kingdom, fraudulent companies have been flocking to the country.
Barclays has confirmed the reports that customers have been claiming regarding blocked cryptocurrency exchange payments. Following claims from customers that the British bank has been blocking payments to Binance, Barclays noted that it has stopped payments “until further notice“. In a notification to customers, the bank stated:
“As you’ve made a payment to Binance this year, we wanted to let you know that we’re stopping payments made by credit/debit card to them until further notice. This is to help keep your money safe. For further info, please search FCA Binance online. We’re sorry for any disruption this may cause you.”
While the bank might have issued an apology, the customer base has been vocal about its new policy. Users across crypto Twitter have taken to the platform to voice their annoyance about the new regulation, stating that they’ll move to a bank where the service of cryptocurrency payments aren’t an issue.
Oh really @Barclays I think I am old enough to decide where I can spend my money. Time to change bank. pic.twitter.com/qTxNNhbJa6
— 🇮🇹 Perfect Symmetry 🇬🇧 Proud Refusenik (@PrfctSymmetry) July 5, 2021