Binance Announces Resumption of EUR and GBP Deposits and Withdrawals via SEPA
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“Binance and Paysafe will fully reopen EUR and GBP deposits and withdrawals respectively via the SEPA payment network (SEPA) and Faster Payments Services (FPS).
Binance retail users across Europe, with the exception of Netherlands and Switzerland, will be able to make EUR transfers directly via SEPA.”
The announcement comes after the company announced that it was “offering all verified users zero fees for depositing EUR via SEPA and GBP via FPS” until March 31, 2022.
The giant cryptocurrency exchange suspended its EUR deposits via SEPARATE back transfers in July last year amid a regulatory clampdown. That said, the company announced a partnership with Paysafe in late January intending to bring back SEPA. Both companies later launched a pilot program for euro deposits and withdrawals via the SEPA payment network.
On the other hand, Binance also suspended GBP withdrawals last July following a regulatory bout with the British financial regulator, the Financial Conduct Authority (FCA).
After the FCA’s regulatory attack, Binance’s payments solution provider for GBP, Clear Junction, announced that it “will no longer be facilitating payments related to Binance.”
The FCA later noted last August that the crypto exchange had met all its regulatory requirements, adding that Binance “signed an undertaking that it would not offer any crypto-asset activities unless and until either it was registered or the authority informed the firm that it could avail itself of the transitional provisions in the MLRs [Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017].”
Key Binance Coin Levels to Watch — March 9
Binance Coin (BNB) has shown some promising bullish signs on Wednesday as Bitcoin snaps the $42K barrier. The bullish bias comes after BNB recorded a sustained break above my long-lasting descending trendline last week. However, bulls have struggled to take the daily 50 SMA ever since, keeping the price close to the trendline.
That said, today’s bullish momentum in the broader crypto market seems a bit more aggressive than normal, presenting the possibility of a break above the $410 barrier in the near term. Bulls need to close today’s candle above the 50 SMA to sustain the bullish trajectory, prompting a sharp rebound to the $450 top in the coming days.
Meanwhile, my resistance levels are $410, $436, and $450, and my support levels are $380, $350, and $340.
Total Market Capitalization: $1.84 trillion
Binance Coin Market Capitalization: $65.1 billion
Binance Coin Dominance: 3.53 %
Market Rank: #4
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