- Nationwide Bank announced restrictions on card payments to the Binance exchange.
- “Our number one priority is, and always will be, keeping you and your money safe”: The Bank
- Binance is not safe despite SAFU reserves but the National Bank is no better than that.
UK banking giant, Nationwide, has announced restrictions on card payments to Binance..
The bank stated:
Payments to Binance using your Nationwide cards will be declined.
Further, it stated that “even with your direct consent in person or over the phone, we cannot remove the restriction and allow you to make payments to Binance.”
Although these crackdowns violate property rights and engage in anti-competitive practices, the bank stated that it was for the safety of the customer.
Further, while inculcating their views on tough stance which is in line with the spirit of the organization, the Bank stated:
Our number one priority is, and always will be, keeping you and your money safe. That’s why we made the decision to limit card payments.
However, the reason for singleing out Binance is unclear, given…
the post The National Bank has restricted card payments on Binance, and the reason is unknown It first appeared in Coin Edition.