Regulators in the United Kingdom and Italy have also banned them from operating, whereas officials in Hong Kong and Japan have alerted investors about it, among other things. The worldwide platform has been the target of regulatory scrutiny since its debut in 2019. It relocated those individuals to Binance.US, a separate company’s website run by BAM Trading Services, which has a considerably smaller range of coins. It wasn’t until November that it disabled access to, its leading site for US users. See the FCA Register for any requirements that apply to the firm. These requirements remain in place and BML are still unable to conduct regulated business in the UK.Binance announced that it would no longer allow US users to access the exchange in 2019. The firm complied with all aspects of the requirements. On 25 June 2021, the FCA imposed requirements on Binance Markets Limited. To see if others have posted any concerns, search online for the firm’s name, directors’ names and the product you are considering.Īlways be wary if you are contacted out of the blue, pressured to invest quickly or promised returns that sound too good to be true.įind out more about investing in cryptoassets.
Check with Companies House to see if the firm is registered as a UK company and for directors’ names. You should do further research on the product you are considering and the firm you are considering investing with. You can also check our Warning List of firms to avoid. A firm must be authorised by us to advertise or sell these products in the UK – check our Register to make sure the firm is authorised. While we don’t regulate cryptoassets like Bitcoin or Ether, we do regulate certain cryptoasset derivatives (such as futures contracts, contracts for difference and options), as well as those cryptoassets we would consider ‘securities’ – find out more information. This means that if you invest in certain cryptoassets you will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong. Most firms advertising and selling investments in cryptoassets are not authorised by the FCA. Investing in cryptoassets generallyīe wary of adverts online and on social media promising high returns on investments in cryptoasset or cryptoasset-related products. The Binance Group appear to be offering UK customers a range of products and services via a website,.
#Binance us vs binance registration
No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK. This firm is part of a wider Group (Binance Group).ĭue to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA. Binance Markets Limited is not permitted to undertake any regulated activity in the UK.
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