6/28, 12:37 AM (Source: TeleTrader)
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UK bans crypto exchange Binance Markets

The British Financial Conduct Authority suspended Binance Markets Ltd. from doing any regulated activity in the country, according to a notice dated June 25.

Binance Markets "must not, without the prior written consent of the FCA, carry out any regulated activities... with immediate effect," the financial regulator stated, while also warning consumers about the exchange.

However, Binance insisted the FCA's decision on its subsidiary won't affect the operations of services offered on the platform's main website. "We take a collaborative approach in working with regulators and we take our compliance obligations very seriously. We are actively keeping abreast of changing policies, rules and laws in this new space," the company concluded.

Breaking the News / ND