On the eve of the news appeared on the network that the Spanish bank Santander is stopping the service of fiat deposits from the British, who are clients of the Coinbase crypto platform.
This news became known from an unconfirmed source on Reddit, who stated that he had learned about this information by phone when he spoke with a Coinbase employee. A spokesman for Santander, however, notes that no blockage is out of the question. He explained that the bank does not block payments from any legitimate company, however, some payments may be sent for additional verification – this is necessary in order to eliminate the risk of fraud.
In the comments on the publication on Reddit, users report that they have no problems working with Santander and Coinbase. One commenter noted that Santander is blocking the withdrawal of funds in Portugal and Spain. Given Santander’s clarifications, it can be assumed that some users may experience delays in depositing or withdrawing their funds due to preventive measures of the bank, this is especially possible if the transaction involves a large amount of funds or one of the parties to the transaction is suspicious.
Note that the other day there was evidence that the British banking institution Barlcays is stopping cooperation with Coinbase, for this reason the British could have difficulty withdrawing fiat. The trading platform, however, has already found a solution to this problem – now user transactions are processed thanks to Clearbank.
