https://techmonitor.ai/policy/digital-economy/fca-binance-ban-cryptocurrency-bitcoin

The UK’s Financial Conduct Authority (FCA) has issued what amounts to a ban on Binance, the world’s largest cryptocurrency exchange. The FCA joins other regulators from around the world moving to prohibit or heavily control the coin exchange amid a tide of global regulations aiming to tighten rules around cryptocurrency use. The ban also reflects concerns that Binance’s platform is being used by cybercriminals to launder the proceeds of attacks.

The FCA states that “due to the imposition of requirements by the FCA, Binance Markets Limited (BML) is not currently permitted to undertake any regulated activities without the prior written consent of the FCA”.