Coinspeaker
Binance Withdraws Request for FCA Registration in UK
Following its lawsuit with the United States Securities and Exchange Commission (SEC), the global leading digital asset service provider Binance has withdrawn its registration of Binance Markets Limited (BML) with the Financial Conduct Authority (FCA). Markedly, BML is the United Kingdom subsidiary of the global crypto exchange. With these latest developments, Binance and its associates hold no operational license or approval in the UK.
BML submitted a cancellation request for the FCA approval which was completed almost three weeks ago. The FCA confirmed that “Following the completion of the cancellation of permissions, the firm is no longer authorized by the FCA. No other entity in the Binance Group holds any form of UK authorization or registration to conduct regulated business in the UK.”
Noteworthy, BML was banned by FCA in June 2021 from transacting any business in the UK region. The ban came with several instruc
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