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.

Subscribe to The Block News+ to
Unlock this Feature

Choose Your Plan

Save $ vs. paying monthly


per year
Join Now


per month
Join Now


If you want to know more about what you get with a Membership, or you need help convincing your manager, we got you covered. You can find the details and learn more about the benefits by clicking the link below.

Trending Stories