Barclays won’t be allowing U.K. customers to transfer funds to Binance, the Financial Times (FT) writes.
This comes as the Financial Conduct Authority (FCA) said that digital exchanges weren’t allowed to do crypto business within the U.K., with the idea of keeping users’ money safe.
“This action does not impact the ability of customers to withdraw funds from Binance,” the bank said. “The decision has been taken following the FCA warning to consumers.”
As Barclays makes its decision, the U.K. lenders have been working on questions about how they should deal with clients who want to work with moving funds to and from crypto exchanges.
According to FT, the issue is that there are concerns about a lack of regulatory oversight as well as varying compliance standards. Last month there was a warning issued regarding Binance in which the regulator banned it from performing financial activities, saying it no longer had the authority to deal in crypto.
Coinbase is rolling out a new program where it will offer $1,000 in crypto for new employees, a company blog post says.
Called CIkka, the program is being done in the hopes that it will incentivize employees to use the money to learn about crypto and thus continue making money.
The blog says the expectation is those users will utilize their new knowledge “to help us build the next generation of products that will delight our customers around the world.”
The company says the types of new employees it’s looking for are those who will boost economic freedom around the globe.
“We’re looking for builders, who want to create products that will drive the global cryptoeconomy forward,” the company said. “We have built a culture of sustained innovation in the company, exemplified by Project 10%, where we dedicate 10% of our resources to supporting big product bets.”
