May 18, 2024



UK watchdog bans cryptocurrency exchange Binance (updated)


By J. Fingas

June 27, 2021

Cryptocurrency just faced another obstacle in the quest for government acceptance. The Financial Times reports that the UK’s Financial Conduct Authority has banned the major crypto exchange Binance from conducting regulated activity in the country, including Binance Markets Limited and its parent Binance Group. The watchdog didn’t say just why it blocked Binance, but noted that an “imposition of requirements” kept Binance from operating.

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