March 29, 2024

UK Regulator: Binance has no right to operate in the country

UK Regulator: Binance has no right to operate in the country

According to FCA representatives, Binance Markets Limited and Binance Group cannot engage in regulated activities inGreat Britain.

The official FCA statement states:

None of the Binance Group companies are authorized, registered or licensed to conduct regulated businesses in the UK.

In addition, the regulator warned citizens about the risks of investing in cryptocurrencies:

Beware of online advertisements that promise you high returns on cryptocurrency investments or cryptocurrency products.

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Based on materialscoinquora.com