Binance is one of the most popular cryptocurrency exchanges in the world, but it is not available in the United Kingdom. The reason for this is that Binance is not licensed by the Financial Conduct Authority (FCA), which is the financial regulator in the UK.
This means that Binance is not subject to the same rules and regulations as other UK-based financial institutions.
NOTE: WARNING: The UK has recently banned Binance, a popular cryptocurrency exchange, due to concerns about its unregulated status. Trading on Binance is now illegal and those caught doing so can face civil or criminal penalties. We strongly advise against using Binance and urge users to be aware of the risks associated with unregulated exchanges.
There are a few reasons why Binance may have chosen not to obtain a license from the FCA. One possibility is that Binance does not meet the FCA’s requirements for businesses operating in the UK.
Another possibility is that Binance is not interested in complying with the FCA’s regulations.
Whatever the reason, the fact remains that Binance is not available to UK investors. This may change in the future, but for now, UK investors will need to look elsewhere for their cryptocurrency needs.
5 Related Question Answers Found
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is no longer available to residents of China. The exchange announced the news on Weibo, a Twitter-like service in China, and said it would “strictly abide by” the country’s recent crackdown on cryptocurrency trading. The move comes as China has intensified its efforts to stamp out cryptocurrency trading.
Binance, the world’s largest cryptocurrency exchange by trading volume, is facing a potential ban in Japan. The Japanese Financial Services Agency (FSA) has issued a warning to Binance, telling the company that it is operating in the country without registration. The FSA says that Binance has until the end of the month to register with the agency or face a ban.
Binance, the world’s largest cryptocurrency exchange by trading volume, is getting banned. The reason? Because the Chinese government has ordered all domestic cryptocurrency exchanges to halt trading activities.
Binance, one of the world’s largest cryptocurrency exchanges by trading volume, is getting banned in China. The reason for the ban is still unknown, but it comes as the country’s central bank is cracking down on the cryptocurrency industry. The news of the ban was first reported by Bloomberg, who cited sources close to the matter.
Binance, the world’s largest cryptocurrency exchange by trading volume, may soon be banned in the European Union (EU). The Malta-based company has come under fire from the EU’s financial watchdog, the European Securities and Markets Authority (ESMA), for allegedly offering “unauthorized” investment products and services to retail investors. In a recent report, the ESMA warned that Binance was “Targeting” EU investors with its “cryptocurrency investment products and services” without being authorized to do so.