@3RqCqaaw4N The thing with Monzo is they have always been very wishy-washy whilst still trying to beat a drum saying they they are progressive.
We’ve had my monzo staff saying that buying crypto is perfectly fine as long as it’s personal money.
And then on the other hand decisions like this citing an irrelevant FCA article talking about BML and UK regulations which have zero to do with Binance.
This decision might just be one person at Monzo in a position of power making a wrong decision based off of misinformation.
Hopefully Monzo staff lurking in this thread can pass the feedback back so it can be revisited and undo the action once they realise the situation that Binance isn’t operating in the UK without FCA approval, it’s just that FCA approval isn’t relevant as they have no UK products.
@Dan5 any chance you can raise this issue?