In reference to the world’s largest crypto exchange, Binance, the U.K. financial regulator has stated that “based upon the firm’s engagement to date, the FCA considers that the firm is not capable of being effectively supervised,”
On August 25, Reuters reported that the regulator is concerned about Binance’s global reach and range of products which it considers as a “significant risk”.
“This is of particular concern in the context of the firm’s membership of a global group which offers complex and high-risk financial products, which pose a significant risk to consumers.”
Binance Still in The Doghouse
In June, the FCA prohibited Binance from conducting any regulated activity in the United Kingdom and imposed several requirements on the platform.
Later the same month, Binance responded stating that nothing has changed because Binance Markets Limited is not the entity offering crypto derivatives in the U.K. The FCA rules do not apply to the full spectrum of Binance Gro
Źródło: https://cryptopotato.com/u-k-regulators-we-cant-supervise-binance-properly/
