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The UK's Binance ban shows ‘how little control’ regulators have over sprawling crypto giants

Quick Take

  • The U.K.’s Financial Conduct Authority issued a notice on June 26 barring Binance from engaging in “regulated” activities in the U.K.
  • Crypto industry sources say the action is likely to have little or no consequence for the business that Binance does in the U.K.
How will the Financial Conduct Authority's ban affect Binance's ability to do business in the UK? Not so much, say crypto industry sources.

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