![\"Crypto](\"https:\/\/www.cryptocabaret.com\/wp-content\/uploads\/2022\/03\/binance.jpg\")
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Cryptocurrency exchange Binance has fully resumed EUR and GBP deposits and withdrawals via the SEPA payment network and Faster Payments Services (FPS). Binance is also offering all verified users zero fees for depositing EUR via SEPA and GBP via FPS to \u201ccelebrate the return of SEPA and FPS.\u201d <\/strong><\/p>\n Cryptocurrency exchange Binance announced Monday that at 11:00 a.m. UTC for both desktop and app:<\/p>\n Binance and Paysafe will fully reopen EUR and GBP deposits and withdrawals respectively via the SEPA payment network (SEPA) and Faster Payments Services (FPS).<\/p>\n<\/blockquote>\n \u201cBinance retail users across Europe, with the exception of Netherlands and Switzerland, will be able to make EUR transfers directly via SEPA,\u201d the exchange detailed.<\/p>\n The announcement adds that to \u201ccelebrate the return of SEPA and FPS,\u201d Binance is \u201coffering all verified users zero fees for depositing EUR via SEPA and GBP via FPS\u201d until March 31 at 11:59 p.m. UTC.<\/p>\n Binance temporarily suspended<\/a> EUR deposits via SEPA bank transfers in July last year. On Jan. 26, the exchange announced a partnership with Paysafe in order to bring back SEPA. The two companies launched<\/a> a pilot program for EUR deposits and withdrawals via the SEPA payment network.<\/p>\n Similarly, Binance suspended GBP withdrawals in July last year after the British financial regulator, the Financial Conduct Authority (FCA), issued a warning<\/a> that Binance was not permitted to undertake any regulated activity in the U.K.<\/p>\n Following the FCA\u2019s warning, Binance\u2019s payments solutions provider for GBP, Clear Junction, said it \u201cwill no longer be facilitating payments related to Binance.\u201d<\/p>\n The FCA subsequently said in August last year that Binance has complied <\/a>with its requirements. However, the regulator noted that Binance \u201csigned an undertaking that it would not offer any cryptoasset activities unless and until either it was registered or the authority informed the firm that it could avail itself of the transitional provisions in the MLRs [Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017].\u201d<\/p>\nSEPA and FPS Back on Binance<\/h2>\n
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