UK Regulators Ban Binance, The World’s Biggest Cryptocurrency Exchange

The world’s largest cryptocurrency exchange, Binance, has been banned by the UK’s financial regulator, the Financial Conduct Authority (FCA).

“Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a wider Group (Binance Group),” the regulator announced in a press release. “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.”