UK Regulator Bans Binance, , World’s Largest Cryptocurrency Exchange.<br />On June 26, Britain's Financial Conduct Authority (FCA) said Binance "is not permitted to undertake any regulated activity in the U.K.".<br />Starting June 30, the company must add the following notice on its website and apps:.<br />BINANCE MARKETS LIMITED IS NOT PERMITTED TO UNDERTAKE ANY REGULATED ACTIVITY IN THE U.K, FCA notice, via CNBC.<br />Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA. , FCA notice, via CNBC.<br />(No other entity in the Binance Group holds any form of U.K. authorization, registration or license to conduct regulated activity in the U.K.), FCA notice, via CNBC.<br />According to an FCA spokesperson, though Binance Markets Limited, the U.K. division of Binance, can no longer offer regulated services in Britain.<br />According to an FCA spokesperson, though Binance Markets Limited, the U.K. division of Binance, can no longer offer regulated services in Britain.<br />non-registered firms can still interact with U.K. customers, allowing Binance to continue offering crypto trading to Brits via its website.<br />A Binance spokesperson said, <br />"the FCA U.K. notice has no <br />direct impact on the services <br />provided on Binance.com.".<br />Providing access to cryptocurrencies itself is not a regulated activity, but offering derivatives is, which is presumably the activity the FCA is clamping down on, Laith Khalaf, financial analyst at AJ Bell, via CNBC
