Financial Regulator Bans Binance in UK

• The Financial Conduct Authority (FCA) has directed Binance to terminate all regulated operations in UK
• The decision comes due to the absence of authorisation held by the crypto exchange platform
• Consumer warnings have also been issued by the regulating body 

No Authorisation Held By Binance Group in UK

Britain’s Financial Conduct Authority (FCA) has ordered cryptocurrency exchange platform Binance to forestall all regulated operations within the country. The justification behind such strict measures comes from the lack of authorization held by the company. As per the statement made by the financial regulator on Saturday, the platform can no longer be allowed to adopt any regulated functions without the prior written consent of the FCA.