Cryptocurrency Q&A
Is Binance registered with FCA in UK?
Is Binance registered with FCA in UK?
ZenBalanced
Sat Mar 30 2024
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6 answers
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I'm quite curious about the registration status of Binance with the Financial Conduct Authority (FCA) in the United Kingdom. As a leading cryptocurrency exchange, I understand that Binance has a global presence and serves millions of users. Given the increasing regulatory scrutiny in the financial industry, particularly in the realm of cryptocurrencies, I'm wondering if Binance has obtained the necessary licenses or registrations with the FCA. Could you please clarify this matter for me? It would be helpful to know if they are operating legally within the UK's financial regulatory framework.
6 answers
Elena
Mon Apr 01 2024
Cryptocurrency exchange Binance has repeatedly been warned for not being regulated by the Financial Conduct Authority (FCA) in the United Kingdom.
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CryptoPioneer
Mon Apr 01 2024
This regulatory oversight gap has been highlighted in various forums, including the official website of the FCA.
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Skywalker
Sun Mar 31 2024
The FCA's official statement explicitly mentions, "Binance is not authorised to carry out any regulated activities in the UK."
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MysticRainbow
Sun Mar 31 2024
This disclaimer serves as a critical reminder to investors and traders alike, indicating that Binance's operations in the UK are unregulated.
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DondaejiDelightfulCharmingSmile
Sun Mar 31 2024
As a result, investors using Binance in the UK are advised to exercise caution and due diligence when engaging in crypto transactions.
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