2023-06-19 17:00:00
A fight every moment – Binance is no longer just at the stage of being “in sight” regulators of the planet. Changpeng “CZ” Zhao’s crypto exchange is in a fight at the melee with bayonets in all the trenches of the relentless regulatory war waged once morest it.
We barely learned a few days ago that Binance preferred throw in the towel in the jurisdiction of CyprusThen in the Netherlandsthat’s it now that it’s at United Kingdom that the exchange must perform a strategic withdrawal.
As the reports notably Cointelegraph on June 19, 2023, Binance has decided tocancel registration with UK regulators Financial Conduct Authority (FCA). This cancellation of registration of its local subsidiary (Binance Markets Ltd) however, will not have “no operational impact” for the group, because this company has no “never conducted regulated activities” UK.
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