ePayments Drops Cryptocurrency Support In Preparation For Renewal Of Access
EPayments has announced progress in updating its legal compliance systems on its blog.
“As part of this process, we have completely redefined our approach to working with you in the future. We are pleased to announce that we are ready to begin the process of updating customer records. This process is an important step to enable us to begin providing you with access to your funds in your ePayments account in the future, ”the firm writes..
ePayments suspended customer service in February at the request of the UK Financial Conduct Authority (FCA). The consequences of this action were felt, among other things, by the users of cryptocurrencies, who withdrew assets into fiat currency through her card..
In the future, the possibilities for working with cryptocurrencies in the service will be limited. “We will no longer provide access to cryptocurrencies,” – stated in the changelog.
In addition, individuals will only be able to receive payments from companies and send money to their own accounts. For this, bank transfers, cards and alternative payment methods will be available. Support for prepaid cards will continue.
In the near future, the company intends to contact customers to receive additional information from them, after which it will be able to proceed to the next steps.
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