Kraken’s global head of compliance categorically denied the accusations, while Binance reaffirmed its commitment towards user protection and openness to collaborating with relevant agencies to do so.

However, both Binance and Kraken have since denied the allegations of failure to cooperate. Kraken’s name was also mentioned as the bank alleged it failed to cooperate with its attempted efforts to resolve the customer issues. The report noted that the bank particularly cited Binance as the most affected platform as it was the source of 849 customer complaints. The financial institution is said to have received several complaints from customers about the same. The Times‘ report detailing this plan explained that the bank would take action to bar its over 5 million clients from transacting in crypto due to the increased cases of fraudulent activities associated with digital currencies. UK’s TSB Plans to Ban CryptocurrenciesĬrypto concerns are rising again in the UK as reports suggest that the commercial and retail bank, TSB, is set to proscribe crypto services in the coming weeks. With only a few days left to wrap up the month, here is a summary of the most interesting stories that have happened so far. June has delivered the best of both sides of the cryptocurrency sector.

Ethereum cryptocurrency jettison