Consumer warning on Binance Markets Limited and the Binance Group
Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a wider Group (Binance Group). Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior...
www.fca.org.uk
Binance Can't Do Business in UK But Crypto Trading Unaffected: British Financial Watchdog - Decrypt
Binance cannot operate in the UK, said the UK’s financial watchdog. But crypto traders can still use companies not registered with the FCA.
decrypt.co
Does this matter? Is it a nail in the coffin of Brexit Britain, supposedly outwardly looking? FCA already crippled Wirex UK and is losing confidence as a 21st century regulator.
My view: Either go back to what some people here call EUSSR, or look forward to a more heterogenous future where currencies are not only controlled by a very few nation states and business will thrive in a more open environment. Not that my view carries any weight. I don't trust them. I left.