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Binance to Reinstate Payments From EU's SEPA Platform: Report
The rollout will start in Belgium and Bulgaria and expand throughout the bloc in coming weeks.
Crypto exchange Binance is about to reinstate payments from the European Union's Single Euro Payments Area (SEPA), according to a Bloomberg report, citing a person familiar with the matter.
- Payments through the network will resume "in the coming hours," Bloomberg said.
- The rollout will be phased, starting in Belgium and Bulgaria, and will expand throughout the bloc in the following weeks. The U.K., which left the EU in January 2020, will not be included, according to the report.
- Binance temporarily halted payments from SEPA in July.
- SEPA allows consumers to make cashless payments in euros to anywhere in the EU as well as a number of non-EU countries.
UPDATE (Jan. 26, 11:54 UTC): Adds dropped word in last bullet point.
STORY CONTINUES BELOW
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Sheldon Reback
Sheldon Reback is CoinDesk editorial's Regional Head of Europe. Before joining the company, he spent 26 years as an editor at Bloomberg News, where he worked on beats as diverse as stock markets and the retail industry as well as covering the dot-com bubble of 2000-2002. He managed the Bloomberg Terminal's main news page and also worked on a global project to produce short, chart-based stories across the newsroom. He previously worked as a journalist for a number of technology magazines in Hong Kong. Sheldon has a degree in industrial chemistry and an MBA. He owns ether and bitcoin below CoinDesk's notifiable limit.
