At the time, Binance said the Financial Conduct Authority's notice had no direct impact on the services it provides via the website.īut experts have told Insider it's just the start of a broader crackdown by regulators, as governments feel emboldened to take on crypto platforms the way they have gone up against Big Tech. J7:52am Updated The United Kingdom’s financial regulator has banned the popular cryptocurrency exchange Binance from operating in the country as governments around the world. The UK’s financial watchdog has ordered Binance to stop all regulated activities in Britain and imposed stringent requirements in a stinging rebuke of one of the world’s biggest cryptocurrency. The apparent ban comes roughly two weeks after the UK’s Financial Conduct Authority (FCA) stated that Binance Markets Limited, the. The UK's financial services regulator on June 26 ordered Binance to halt any regulated operations - effectively, a ban on Binance Markets, its only UK-regulated entity, from offering crypto derivatives. Barclays clients in the UK can no longer transfer funds to Binance after the bank indefinitely banned credit and debit card transactions to the exchange, according to recent reports. This is to help keep your money safe," the message read. 2 days ago &0183 &32 Binance, the world’s largest cryptocurrency exchange, is under investigation by French authorities for the alleged illegal provision of digital-asset services and acts of aggravated money. Best diy lip gloss, Binance defi tracker, Level 6 hair color ash, Australias most dangerous roads. The move follows the FCA's announcement that Binance cannot conduct regulated activities in the country. "As you've made a payment to Binance this year, we wanted to let you know that we're stopping payments made by credit/debit card to them until further notice. Led profile spotlight, Car drifting lessons uk. UK Bank Barclays Blocks Payments to Binance. Barclays, one of the top British banks by assets, suspended debit and credit card payments to crypto-trading platform Binance on Monday, citing a notice from the country's financial services regulator.Ĭustomers received a phone text message from the bank to notify them about the move.
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