Binance, the world’s largest cryptocurrency exchange by trading volume, is expanding its operations to the United Kingdom. The firm announced today that it had obtained a “licence to operate a money service business” in the UK from the Financial Conduct Authority (FCA).
The licence will allow Binance to offer crypto-fiat and fiat-crypto Exchange services in the UK, as well as provide “safe custody” and “wallet” services for digital assets. The move will also see Binance expand its UK operations by opening a new office in London.
Binance has been one of the most active cryptocurrency exchanges in terms of international expansion. The firm has already established operations in Malta, Singapore, Jersey, and Uganda.
The UK expansion is part of Binance’s plan to “serve the greater European market.”.
NOTE: Please be aware that the legality of cryptocurrency exchanges, such as Binance, in the UK is currently unclear. As such, it is highly recommended that you research this issue thoroughly before using any cryptocurrency exchange. Furthermore, it is important to note that the Financial Conduct Authority (FCA) of the UK has not authorized or recognized any crypto-asset exchange, including Binance. Therefore, you should exercise extreme caution when considering any cryptocurrency trading activity on Binance.
The FCA licence is a significant development for Binance and the cryptocurrency industry as a whole. It provides legitimacy to an industry that has often been associated with crime and money laundering.
The FCA is one of the most respected financial regulators in the world and the fact that Binance has been able to obtain a licence from them is a vote of confidence in both the exchange and the industry as a whole.
The UK is one of the most important markets for cryptocurrency and this move by Binance will no doubt be welcomed by many in the industry. It remains to be seen how successful Binance will be in its UK operations but given its track record, there is reason to be optimistic.
Yes, Binance is legal in the United Kingdom after obtaining a money service business license from the Financial Conduct Authority (FCA). This allows them to offer crypto-to-fiat and fiat-to-crypto exchange services, as well as provide digital asset custody and wallet services.
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Binance, the world’s largest cryptocurrency exchange by trading volume, is not currently regulated in the United Kingdom. The UK does not have specific regulations in place for cryptocurrency exchanges, but the country’s financial watchdog, the Financial Conduct Authority (FCA), has warned investors about the risks associated with trading on these platforms. In a statement released in March 2018, the FCA said that cryptoassets are “highly volatile” and that investors should be prepared to lose all of their investment.
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Binance, the world’s largest cryptocurrency exchange by volume, is now live in the UK. The Malta-based firm announced the launch of its UK platform on Tuesday. The UK platform will allow users to buy, sell, and trade cryptocurrencies with pound sterling (GBP) and euro (EUR) fiat currencies.
Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. As of January 2018, Binance was the largest cryptocurrency exchange in the world in terms of trading volume. Binance is available in many countries, including the United Kingdom.
Binance is a cryptocurrency exchange that allows its users to trade cryptocurrencies. The company is based in Malta and has been operational since 2017. Binance is one of the most popular exchanges in the world and allows its users to buy, sell, and trade a variety of cryptocurrencies.
Binance is a global cryptocurrency exchange that provides a platform for trading more than 100 cryptocurrencies. Binance is one of the most popular exchanges in the world and is frequently used by UK-based traders. However, Binance is not currently available to UK-based users.
