Binance Responds to the South African FSCA, Refutes the Regulator's Claims

Binance, the world’s largest cryptocurrency exchange by trading volume, has responded to the warning issued by the South African Financial Sector Conduct Authority (FSCA) to the general public regarding its legal status in the country. As highlighted in a previous report by Coingape, the FSCA joined the long list of regulators to issue a warning against the Binance crypto exchange, alleging that the trading platform is not authorized to give any financial advice or render any other intermediary services.