Binance Restored Bank Transfer Functionalities For Account Users In Europe

Binance has announced that it has completely restored bank transfer functionalities for account users in Europe, 8 months after stopping the service due to regulatory pressure.

Binance&39s European customers, with the exception of those in the Netherlands and Switzerland, now have accessibility to both British Pound as well as Euro withdrawals and deposits thanks to the FPS (Faster Payment Services) and SEPA (Single Euro Payment Area) rails.

FPS and SEPA enable consumers in Europe to transfer Pounds and Euros using their respective bank accounts. Binance representatives stated that new deposits and withdrawals would be made through a cooperation with the United Kingdom based payments company known as Paysafe.