Binance Exchange Banned From Operating in the UK
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.
Although the FCA has been delivering some warnings over the weekend against Binance :
Well with the way things are going criminals and other people may start moving their funds to cold storage.
Posted Using LeoFinance Beta