Binance Says U.K. Ban Has No Direct Impact on Its Website
(Bloomberg) — Binance said it hasn’t yet launched its U.K. business and services on its website won’t see a direct impact from Britain’s Financial Conduct Authority’s notice that bans Binance Markets Ltd. from undertaking any regulated activity in the country.
Binance Markets Ltd. is “a separate legal entity and does not offer any products or services via the Binance.com website,” the crypto exchange said Sunday on Twitter. “The Binance Group acquired BML May 2020 and has not yet launched its UK business or used its FCA regulatory permissions.”
Binance has until Wednesday evening to confirm that it has removed all advertising and financial promotions, according to the FCA’s register. The exchange must also make clear on its website, social media channels and all other communications that it is no longer permitted to operate in the U.K.
Binance, which announced the acquisition of an FCA-regulated entity last June…