UK regulator reiterates ban on Binance UK business
Binance is now making efforts to gain the trust of regulators across the globe. Not enough for the UK FCA, which has banned the trading of crypto derivatives earlier this year.
The City watchdog today published an update to its previous warning against the world’s biggest cryptocurrency exchange. According to it, Binance Markets Limited, the UK division of Binance, has complied with all the requirements imposed by the FCA.
“On 25 June 2021, the FCA imposed requirements on Binance Markets Limited. The firm complied with all aspects of the requirements. See our Supervisory Notice. See the FCA Register for any requirements that apply to the firm,” the regulator said.
“These requirements remain in place and BML are still unable to conduct regulated business in the UK”.