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ARTICLE · 01 JULY 2021

The FCA Sends A Warning To Binance Markets Limited

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The Financial Conduct Authority (FCA) has clamped down on Binance Markets Limited and preventing the firm from undertaking any regulated activity in the UK...

United KingdomTechnology
Joanna Bailey
Joanna Bailey
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The Financial Conduct Authority (FCA) has clamped down on Binance Markets Limited and preventing the firm from undertaking any regulated activity in the UK, stating the following:

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 written consent of the FCA.

No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK.

The Binance Group appear to be offering UK customers a range of products and services via a website, Binance.com.

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