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South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations

Technology Manias – EᐯEᖇYTᕼIᑎG YOᑌ ᑎEEᗪ IᑎᗪEEᗪ

A South African bank, Absa, has reportedly blocked use of its credit cards for users buying cryptocurrencies on international exchanges, according to one media report. The claims come after clients of the financial institution reported receiving a text message informing them of the suspension of online payments made to leading crypto exchange, Binance. Binance’s Alleged Non-Compliance With South African Regulations According to a Mybroadband report, Absa’s private banking contact center initially suggested that the new measures, which are believed to have gone into effect on June 18, 2021, were implemented…

The post South Africa Bank Blocks Clients From Buying Crypto on Binance, Exchange Rejects Allegations appeared first on Technology Manias.

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