Crypto exchange Binance temporarily suspends payments from EU's SEPA network


FILE PHOTO: Binance logo and stock graph are displayed in this illustration taken, June 28, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Cryptocurrency exchange Binance will temporarily suspend euro bank deposits from one of Europe's key payments networks, it said in an email sent to users on Tuesday.

The email said that from 8 a.m. universal coordinated time on Wednesday, customers would no longer be able to deposit funds through the Single Euro Payments Area, or SEPA, schemes. The move was due to "events beyond our control", the exchange said in the email.

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