"Starting Monday afternoon, new users will no longer be able to open accounts with GBP deposits on the platform.
"We regret to inform you that our GBP fiat partner, Skrill Limited, has informed us that it will stop offering GBP flat services, namely deposits and withdrawals via Faster Payments and card, to Binance users," the email read.
The suspension of GBP deposits and withdrawals will commence on May 22 and those who make any GBP deposits after that day will be refunded within seven working days, according to Binance."
> A monetary fund created by the Binance exchange that holds 10% of all trading fees to indemnify customers in case the exchange is hacked. The term "safu" is also used to imply safe.
Their uk banking partner for faster payments is withdrawing from there relationship with binance in May. Wire transfers unaffected. Continuation of operation chokepoint.
anonymouskimmer|3 years ago
"Starting Monday afternoon, new users will no longer be able to open accounts with GBP deposits on the platform.
"We regret to inform you that our GBP fiat partner, Skrill Limited, has informed us that it will stop offering GBP flat services, namely deposits and withdrawals via Faster Payments and card, to Binance users," the email read.
The suspension of GBP deposits and withdrawals will commence on May 22 and those who make any GBP deposits after that day will be refunded within seven working days, according to Binance."
I believe the acronym is SNAFU, not SAFU. :P
capableweb|3 years ago
Different acronym :)
> Secure Asset Fund for Users
> A monetary fund created by the Binance exchange that holds 10% of all trading fees to indemnify customers in case the exchange is hacked. The term "safu" is also used to imply safe.
rabf|3 years ago
unknown|3 years ago
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