Bina𝖓ce -Crypto Curre𝖓cy Excha𝖓ge
Binance the world's biggest cryptocurrency exchange, has been issued a warning by the UK's financial regulator.
The Financial Conduct Authority (FCA) has that the firm cannot conduct any "regulated activity" in the UK.
It also advised people to be wary of adverts promising high returns on investments.
Binance login said the FCA notice would have no "direct impact" on the services it provides from its website Binance.com.
Binance existing crypto exchange is not UK-based so despite the FCA ruling, there will be no impact on UK residents who use the binance login website to purchase and sell cryptocurrencies.
Binance.com is an online exchange that offers users a range of financial products and services, including purchasing and trading a wide range of digital currencies, as well as digital wallets, futures, securities, savings accounts and even lending.
Binance is the world’s leading blockchain and cryptocurrency infrastructure provider with a financial product suite that includes the largest digital asset exchange by volume. Trusted by millions worldwide, the Binance platform is dedicated to increasing the freedom of money for users, and features an unmatched portfolio of crypto products and offerings, including: trading and finance, education, data and research, social good, investment and incubation, decentralization and infrastructure solutions, and more. For more information, visit: https://www.binance.com
Binance is a cryptocurrency exchange which is the largest exchange in the world in terms of daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. binance was founded by Zhao, a developer who had previously created high frequency trading software.
In June 2021, Binance was ordered by the UK's Financial Conduct Authority to stop all regulated activity in the United Kingdom.[ In January 2021, the FCA began requiring firms dealing with cryptocurrency to register in order to comply with anti-money laundering rules. As Binance is not compliant with these rules, it is being forced to cease operations within the coming weeks.
Users can easily buy Bitcoin and other cryptocurrencies using a wide range of payment options, including bank transfer, credit or debit card, and cash. There’s a payment option for everyone on Binance.
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