Binance Exchange Banned From Operating in the UK

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(Edited)

Due to concerns by the FCA (Financial Conduct Authority) that cryptos are being used by criminals for money laundering, the FCA has decided to ban Binance from advertising and establishing a UK-based operation. This news apparently surfaced just days after some criminal gangs were seized some £114m of cryptocurrency by some Scotland Yard Detectives.
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Although the FCA has been delivering some warnings over the weekend against Binance :

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Well with the way things are going criminals and other people may start moving their funds to cold storage.

Posted Using LeoFinance Beta

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3 comments
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Dex’s are the future of for exchanges, security wise, decentralization wise, even profit wise....these crack downs on crypto and exchanges will only keep happenin

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This is so true. Funny how crypto keeps getting better no matter what

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