Nomo Bank latest in UK to block Binance payments

London-based Nomo Bank announced that it would block Binance in line with stricter regulations and banking norms in the UK.
London-based Nomo Bank announced that it would block Binance in line with stricter regulations and banking norms in the UK.
EU investigators told Protos that crypto exchange Binance may be using companies in Ireland and Malta to hide illicit activity.
Protos has been told that several European countries have been spurred into action after Binance was indicted by the SEC earlier this month.
While the civil charges brought by the SEC against Binance and FTX are unique to each business, there are still some striking similarities.
Since 2019, France has required crypto firms to register with the country’s financial regulator. However, Binance didn’t do this until 2022.