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Britain takes a bite out of crypto as it bans Binance ‘s UK ops

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It’s official. In a startling warning dated 25 June, Britain ‘s finance regulator announced that Finance is for the foreseeable future banned from carrying out regulated activities of any kind. In the same notice the app is regarded as a controversial app and should be questioned by consumers.

Binance Markets in a statement to. Reuters denied and wrongdoing citing that they follow all appropriate laws.

“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,” a spokesperson said.


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By SHK

Sultan H. Khane II is the Editor-in-Chief of Bazaar Daily News and its 5 sister properties.

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