According to a Tweet by Santander UK, the British branch of the Spanish bank has informed users it has blocked payments to Binance.
Santander UK has informed its clients that, due to crypto fraud, it will be blocking payments to Binance until further notice. In a Tweet Thursday, the company stated that “keeping our customers safe is a top priority, so we have decided to prevent payments to Binance following the FCA’s warning to consumers.”
The announcement by Santander makes them the second bank in as many days to block payments to Binance. In a similar move, Barclays banned debit or credit card payments to Binance until further notice. Additionally, NatWest has said it will lower the daily limit on how much can be sent to crypto exchanges. Both moves are in response to what is considered a high level of crypto scams making their way through the UK.