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Seeking Alpha 2021-07-06 20:17:09

Binance suspends payments from EU's Sepa network - FT

Crytocurrencies face yet another headwind as Binance said it will suspend euro bank deposits from one of Europe's key payments network, the Financial Times reports, citing an email sent to users today.As of 8 AM UTC (4 AM ET) on Wednesday, Binance customers won't be able to deposit funds through the Single Euro Payments Area (or Sepa) plans.Binance, which described the action as "temporary," usually gets access to Sepa through payment intermediaries. Deposits through the U.K.'s Faster Payments network were also stopped over the past week, the FT said.Though deposits have ben halted through Sepa and Faster Payments, withdrawals are still possible, the company said on its website.Bitcoin is little changed at $33.9K, Binance Coin rises 5.3% over the past 24 hours to $318.56, ethereum rises 4.6% to $2,318, litecoin slips 0.8% to $137.72, and dogecoin is down 0.7% to 23 cents.Late last month, the U.K.'s Financial Conduct Authority said Binance isn't allowed to operate through

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