Barclays stops UK clients from sending funds to Binance following last month's warning from regulators that Binance is not authorized to conduct business in UK
Joshua Oliver / Financial Times :
Financial Times Joshua Oliver
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Discussion
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@ahcastor
Amy Castor
on x
An exec at a payments company that helped connect Binance to the broader financial market before cutting ties with the group told FT that Binance “talks a big game on AML/KYC” rules, but was “resistant to throwing human resources at compliance issues.” https://www.ft.com/...
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@smdiehl
Stephen Diehl
on x
Just as predicted. Banning crypto exchanges and shutting them out of credit cards payments, ACH and SWIFT networks is very effective at cutting off the lifeblood of their grift: dollars. https://twitter.com/...
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@maneco1964
@maneco1964
on x
It's ironic that the biggest perpetrators of financial shenanigans (subprime, derivatives, LIBOR, bullion, etc...) are now holier-than-thou and trying to “protect” their clients. Barclays stops UK clients from sending funds to Binance https://www.ft.com/... via @financialtimes