Withdrawals and deposits in GBP by card and bank transfer will soon be suspended by Binance.

Skrill Limited, Binance's GBP fiat partner, has reportedly announced that it will discontinue letting customers of Binance make deposits and withdrawals in GBP via Faster Payments and cards.

All GBP deposits made after May 22, 2023, will be returned within seven working days. GBP deposit services will be suspended as of that day.

The world's largest cryptocurrency exchange will release further details about the suspension of withdrawal services at a later time.

Current Binance accounts, as well as any other goods or services that customers may access on Binance.com, are unaffected by this. Just the GBP deposit and withdrawal features for cards and Faster Payments are disrupted.

In order to continue enabling GBP deposits and withdrawals to its consumers, the firm has said that it is making serious efforts to identify a replacement source.

(Binance.com)