Just when
it seems that Binance, embroiled in regulatory issues, takes a small step
forward, it faces a setback from another jurisdiction, complicating its
decentralized operations worldwide. According to recent reports, the exchange allegedly
grapples with payment issues in Europe, leading to the suspension of euro
deposits and withdrawals. However, Binance’s spokesperson insists that the
service operates as usual.
Binance
Customer Support’s official Twitter account announced that the exchange had
temporarily suspended deposits and withdrawals using Single Euro Payments Area
(SEPA) transfers. SEPA is a European payment standard that facilitates quick
and secure card-based transfers within the European Union (EU).
In a tweet
posted on 20 August, the exchange stated they were uncertain when SEPA
transfers would be reinstated. They mentioned that their current payment
provider could no longer support them. This news reignited discussions about
Binance’s regulatory issues in Europe, but the tweet was later removed from
their official profile.
A
screenshot showcasing the tweet’s content is available below:
Source: Twitter
The tweet supposedly
responded to a Binance customer who claimed to have purchased a significant
amount of euros and could…
