Binance Investment Ltd FCA
What the FCA’s “ban” on Binance means for cryptocurrencies
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Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a wider Group (Binance Group). Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA. No other entity in the Binance Group holds any form of UK authorisation .
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Binance, the world's biggest cryptocurrency exchange, has, it is reported, been "banned" by the FCA. But the truth is slightly more complicated than that, says Saloni Sardana. Here's what actually .
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The FCA Bans Binance From Undertaking Regulated Activities In .
The FCA has also reportedly asked Binance to post a visible notice on its website to inform US citizens that it will no longer be able to offer services to the public as of the 30th. June is not allowed to offer regulated services in this country.
The FCA issued a notice on 26 June 2021 that Binance (the London based subsidiary of the wider Binance Group) is not permitted to undertake any regulated activity in the UK. 1 The FCA ordered Binance to display a notice on its website to this effect and ordered the company to take down any advertising and financial promotions.
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Binance banned from operating in the UK by FCA
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Binance Investment Ltd. Warnings First published: 23/11/2021 Last updated: 24/11/2021. We believe this firm may be providing financial services or products in the UK without our authorisation. Find out why you should be wary of dealing with this unauthorised firm and how to protect yourself.
Matthew Banham, Andrew Hearn, Daniel Natoff, Timothy Spangler Dechert LLP The UK Financial Conduct Authority (“FCA”) has banned Binance Markets Limited (“Binance”) – part of one of the world’s.
Consumer warning on Binance Markets Limited and the Binance .
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Banning Binance: the FCA Signals its Intent to Play a Bigger .
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The FCA also issued a consumer warning about Binance.com, advising people to be wary of adverts online and on social media promising high returns on investments in cryptoasset or cryptoasset-related products. Binance said the FCA notice would have no "direct impact" on the services it provides from its website Binance.com.
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August 2021. Binance has now been given the green light for operations in the UK after abiding with the FCA’s requirements. The move follows Binance’s efforts to become regulatory compliant, including hiring experts in the field of compliance. Binance Markets Limited, the British affiliate of Binance exchange can now fully operate in the UK.
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