British financial regulator said that one of the world’s largest cryptocurrency exchanges BINANCE could not trade cryptocurrency in the country, writes Reuters.
Great Britain has hit, obliging the stock exchange on its website and write in social networks that it has no right to work in the country. In a statement of the UK’s financial behavior (FCA), it is said that Binance “should not without prior written consent of the FCA to carry out any regulated activity.” The British will still be able to use BINANCE services in other jurisdictions.
FCA strengthens the supervision of the cryptocurrency trade, whose popularity in the UK has increased dramatically lately. In June last year, Binance announced that he had bought a company regulated by FCA for trade in cryptocurrent using sterling and euro pounds.
However, since January, the regulator requires that all companies associated with cryptocurrents register and follow the rules for combating money laundering. However, only five firms were registered, most of them do not comply with the requirements.
Problems from the Exchange is not only in the UK. The regulatory authority of Japan declared on June 25, that Binance operates in the country illegally. In April, the German financial regulator said that the exchange could be fined. Interested in activities BINANCE and US Department of Justice.