​​ Binance isn’t allowed to be operating in the UK Binance sh | Best Crypto Traders Official

​​ Binance isn’t allowed to be operating in the UK

Binance shouldn’t be operating in the U.K., the Financial Conduct Authority (FCA) warned after Japan financial regulator issued a similar notice to the cryptocurrency exchange.

Citing its own requirements, the FCA said Binance Markets Limited isn't allowed to undertake any regulated activities without prior written approval.

Further, the FCA said no other entity in the Binance Group "holds any form of UK authorisation, registration or licence to conduct regulated activity in the U.K."

Despite this, it appears Binance is offering U.K. customers products and services via Binance, the FCA said.

Binance responded in a series of tweets saying that the notice has no direct impact on the services provided on Binance and that its relationship with its users hasn't changed.

On Friday, Japan’s financial regulator warned that Binance is operating in that country without permission.