Binance withdraws registration in UK amid global crackdown
Binance limits its services in unfavorable jurisdictions as regulatory authorities worldwide tighten their scrutiny. Binance UK is canceling its registration with banking regulators. On June 7, Binance UK requested to cancel its registration from the Financial Conduct Authority (FCA). The company clarified that no other entity within the Binance Group holds any UK authorization or registration for regulated business. The FCA has officially revoked the licenses previously granted to Binance’s UK branch. The FCA stated that Binance UK is “no longer authorized” and cautioned that certain activities by the firm may not be protected. You might also like: CoinGecko says SEC lawsuits against Binance and Coinbase sent crypto prices tumbling Binance’s legal troubles Financial authorities around the globe have targeted Binance, making it a primary goal in their efforts to regulate the cryptocurrency industry. Following the United States, many countries seek to t...