Crypto exchange Binance to halt sterling transfers

LONDON (Reuters) - Binance is halting its sterling deposits and withdrawals, a company spokesperson said on Tuesday, a month after the crypto exchange ceased dollar transfers.

Binance has been informed by its partner for sterling transfers, Paysafe, that it would halt its services from May 22, the spokesperson said, impacting all Binance customers.

Sterling transfers for new users were stopped on Monday, it said.

(Reporting by Tom Wilson and Elizabeth Howcroft; editing by Jason Neely)

By Elizabeth Howcroft and Tom Wilson