Can I use Binance in the UK? Why platform has been banned – and what the FCA decision means for Bitcoin.
The world’s leading cryptocurrency exchange has been banned from all regulated activities in the UK.
The Financial Conduct Authority (FCA) ruled Binance was not to undertake any regulated activities without prior written consent from the watchdog, and книга заказов на бинанс has until Wednesday 30 June to comply with the rules.
It added that Binance Markets Limited, based in London, was not authorised to operate in any other capacity within the country, while issuing a consumer warning advising people to be wary of adverts promising high returns on cryptoassest investments.
Binance.com, founded in China and based in the Cayman Islands, نئين لسٽن کي ترتيب ڏيو
is a centralised exchange platform that offers a platform to buy, sell and trade cryptocurrency.
Why has Binance been banned?
While the FCA did not give a reason for its move against Binance, it is believed to be in an effort to tackle fears of insufficient customer protection, and the possibility of money-laundering.
The financial watchdog does not regulate cryptocurrency however it does cryptoassets, meaning companies wanting to advertise or sell the products must be authorised by it.
In January, situs web kaya binance the FCA required all companies offering cryptocurrency services to register to prove they complied with anti-money laundering rules.
Only five firms have since registered, with Binance admitting on Sunday 27 June that it did not yet have regulatory permissions, although it added that the FCA’s decision would not impact binance cryptocurrency exchange
It said: "We take a collaborative approach in working with regulators and we take our compliance obligations very seriously. We are actively keeping abreast of changing policies, rules and laws in this new space."
Can you still use cryptocurrency in the UK?
The UK will not be allowed to use Binance’s services to speculate on the price of cryptocurrency going up or recenze výměny binance down.
However, it will still be able to use the platform to purchase and sell cryptocurrency, as its cryptoexchange in not based in the UK.
British users will still be able to use binance cryptocurrency exchange
’s services in other jurisdictions.