Britain’s Financial Conduct Authority (FCA) has ordered cryptocurrency exchange Binance to stop undertaking any regulated activity in the country, saying the firm lacked authorisation.
As of now, Oyogist learned that the exchange has been Denied access to participate in any regulated activities without the prior written consent of the FCA.
“No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK,” the FCA said in a statement.
Britain’s move comes at a time when Binance, one of the world’s largest cryptocurrency exchanges, is under scrutiny by regulators in other countries, including the United States and Germany.
