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FCA bans Binance from UK

  • Date
    27/06/2021
Content

The UK's financial watchdog had ordered Binance to stop all regulated activities in Britain and imposed stringent requirements in a stinging rebuke of one of the world's biggest cryptocurrency exchanges.

Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA.

No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK.

The Binance Group appear to be offering UK customers a range of products and services via a website, Binance.com.

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