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"The U.K.’s Financial Conduct Authority (FCA) has ordered crypto exchange Binance to stop undertaking any regulated activity in the country. But since the excha
by mgamache 5y ago
"The U.K.’s Financial Conduct Authority (FCA) has ordered crypto exchange Binance to stop undertaking any regulated activity in the country. But since the exchange pulled its application for the FCA's crypto-assets register, it will be unable to offer services that previously counted as unregulated — such as spot trading — either."
https://www.theblockcrypto.com/post/109766/uk-fca-bans-crypto-exchange-binance https://www.theblockcrypto.com/post/109766/uk-fca-bans-crypt...
- nebulous1 5y agoLooks like they actually altered that part. It now reads. "Since Binance pulled its application, that means the exchange can no longer provide services that were previously unregistered either, such as spot trading" It feels like The Block isn't entirely sure what Binance can or can't do at the moment.
- spottybanana 5y ago> It feels like The Block isn't entirely sure what Binance can or can't do at the moment. I'm sure also Binance and the FCA aren't sure about that. The regulatory uncertainty in this space is huge. Even after this statement it is very unclear if there are any effective sanctions FCA can enforce on Binance if they continue doing whatever they are doing. Or they might just stop advertising, and start some stealth advertising campaigns after an year os so.