Regulators began to tighten the screws on the Binance crypto exchange

The world’s largest cryptocurrency exchange Binance has come under attack from regulators and banks lately.

One of the largest financial conglomerates in the world, Barclays, on Monday banned its UK clients from sending funds to the Binance crypto exchange.

The solution aims to “help keep your money safe,” according to an SMS message sent to the bank’s clients who transferred money to Binance this year, ttrcoin writes.

Bank Santander also announced that it will reconsider its attitude to payments sent to unregulated crypto exchanges. Lloyds noted that it does not allow credit card transactions related to cryptocurrencies and checks such transactions for fraud.

Last week, the Thai Securities and Exchange Commission filed a criminal case against Binance. The regulator found that Binance was providing services through its website without a license. Previously, Binance came under pressure from regulators in Singapore and the Cayman Islands.

In late June, UK regulator FCA warned that Binance Markets is dangerous for consumers as it operates without a license. This caveat applies to the Binance Group as well.

Earlier, the Japanese Financial Services Agency (FSA) issued another warning to Binance for operating in the country without a license. The main purpose of the notification is to protect investors.

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