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⚡Binance To Get Regulated In The UK
⚡Binance To Get Regulated In The UK
This move comes after a global regulatory crackdown starting with the FCA's ban.
| | | While 2021 started well for Binance, the crypto exchange later became the primary target of a global regulatory crackdown.
Citing the company's lack of license for providing various digital asset-related services, regulators worldwide have issued warnings and even forced Binance to shut down all or a part of its offerings in some jurisdictions.
Interestingly, the first regulator to introduce measures against Binance was the Financial Conduct Authority (FCA), a prominent watchdog in the UK that supervises finance and digital asset market players, enforcing strict rules and policies to protect users and investors.
However, Binance CEO Changpeng Zhao (CZ) recently revealed that his company plans to restart its operations in the United Kingdom as a licensed, regulated entity.
According to CZ, accomplishing this move could take around 6-18 months.
To learn the story's details, check out this article on Blockdesk. |
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That's all we have for you today. Check back tomorrow to read the crypto stories from our latest collection of Blockdesk articles. See you then! |
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| Enjoy,
The Blockster Team |
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