UK watchdog puts pressure on Binance Markets: what are the alternatives for UK investors?

2021-6-28 20:12

A first step towards centralized crypto exchanges’ crackdown?

The FCA, UK’s financial watchdog, recently imposed restrictions on Binance Market Limited, the subsidiary company of one of the world’s largest centralized crypto exchanges, Binance. The authority stated that by June 30th, Binance must display the following notice on all its communications channels: “Binance Markets Limited is not permitted to undertake any regulated activity in the UK without the prior written consent of the FCA (…)”, meaning Binance Markets Limited is not allowed to advertise, collect data or offer regulated tokens such as securities to UK customers. This ban won’t stop Binance’s UK customers from buying and selling bitcoin and other cryptocurrencies on its exchange platform for now, yet is a sign of a tendency towards strict cryptocurrency regulations.   

Exchange platforms, like Binance, have been key growth catalysts for the crypto industry. Their benefits (ease of use, trading services…) have been obvious at a time with no user friendly decentralized alternatives.

There is however a flip side to this story. Crypto exchanges’ centralised nature can imply single points of failures, mismanagement and regulatory pressures. Besides, exchanges’ centralization prevents its users from being in full ownership of their digital assets, a pillar of the crypto revolution. Paradoxically, centralized exchanges recreated parts of the traditional banking system’s principles. 

Alternatives enabling full ownership and true decentralization exist:

At Ledger, we enable you to retain full ownership of your crypto assets. And it is worth underlining that following UK’s regulatory pressure, Ledger hardware device sales registered a five-fold increase in the UK this week-end. 

Our mission is to enable you to enjoy security, ownership and ease of use for your crypto. Ledger Live forms a gateway to all your crypto services that, combined with your Ledger device, allows you to manage your crypto from within the security of your hardware wallet. It enables you to buy, sell, and swap your crypto directly on the app. You can also grow your assets by securely staking them (Polkadot, Algorand, Cosmos, Tezos, Tron…) and lending them using Compound lending services. Today, 28 coins and over 1800 tokens are available on Ledger Live.

Ledger Live, combined with Ledger hardware wallet, has tremendous benefits: 

It is the one-stop-shop for all your crypto needs, an all-in-one app designed to make your crypto life much easier.  It fully secures your digital assets. The crypto you buy will directly and automatically be sent to your secure Ledger hardware device, thereby reducing risks. You no longer need to rely on third-parties to manage your crypto. Ledger Live provides true financial freedom and ownership as nobody controls your digital assets, except you. No centralized exchange (like Binance) nor centralized entity will hold them. 

Start your crypto journey with Ledger, safely manage your crypto and future proof yourself from uncertainties.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $562.5
Капитализация $0 Rank 99999
Цена в час новости $ 294.29 (-100%)

binance exchanges crypto centralized watchdog market restrictions

binance exchanges → Результатов: 126


Dogecoin, Ethereum, XRP, LTC: What the surge in altcoin interest means to Binance and other exchanges?

Since the beginning of Bitcoin's bull run, web traffic across crypto exchanges like Binance, Coinbase, Kraken have seen numbers double and triple. Simultaneously, altcoins started surging, and with inThe post Dogecoin, Ethereum, XRP, LTC: What the surge in altcoin interest means to Binance and other exchanges? appeared first on AMBCrypto.

2021-5-9 16:00


Фото:

Binance DEX follows Binance’s footsteps, rapidly climbs up ladder of exchanges on CoinMarketCap

On one hand, cryptocurrencies are fighting the bear market and registering growth at the same time, while on the other, exchanges are pulling up their socks as competition gets tough. Binance, the largest exchange in the world, launched its decentralized DEX in April and it has already surpassed most DEX exchanges in terms of trade […] The post Binance DEX follows Binance’s footsteps, rapidly climbs up ladder of exchanges on CoinMarketCap appeared first on AMBCrypto.

2019-6-2 17:30


Фото:

Maltese Prime Minister Fraudulently Impersonated by Bitcoin Peddlers on Instagram

Malta’s Prime Minister, a noted fan of blockchain and cryptocurrencies, found himself unwittingly in the center of an investment scam as conmen fabricated a fake Instagram account in his name. As Bitcoinist has noted in the past, the tiny island nation of Malta has taken a number of steps in order to become one of the globe’s most welcoming and proactive countries when it comes to cryptocurrency and blockchain tech.

2018-8-27 10:00


Фото:

Binance Sees Volume Growth As Coinbase Nurses 80% Drop

Binance has destroyed Coinbase and other major exchanges on volume in 2018 despite criticism of its altcoin-heavy focus. Data Reveals ‘Steep Declines’ The latest issue of monitoring resource Diar’s newsletter presents startling data from some of the best-known cryptocurrency trading platforms with Coinbase’s overall volume plummeting 83 percent in the seven months to July.

2018-8-22 01:00


Фото:

Binance Launches Education Platform for Blockchain, Crypto

One of the world’s largest cryptocurrency exchanges, Binance, has unveiled a new educational platform that will provide free resources for the burgeoning cryptocurrency and blockchain industries. A Hub for All Things Crypto? Binance has revealed a new educational initiative and open-access platform, called Binance Academy, with the goal of fostering a wider understanding of blockchain […] The post Binance Launches Education Platform for Blockchain, Crypto appeared first on CryptoSlate.

2018-8-15 03:00


Фото:

Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX

In recent news pertaining to cryptocurrencies, a Chinese court has rejected an appeal from a trader disputing a previous decision that mandated he repay the value of 5 BTC accidentally credited to his Coinnice account, the CEO of Binance has demonstrated the company’s upcoming decentralized exchange (DEX), and Okex’s head of operations has discussed the […] The post Exchanges Round-Up: Chinese Court Backs Coinnice Repatriation, CZ Demos Binance DEX appeared first on Bitcoin News.

2018-8-13 12:50


Weiss Ratings: XRP — самый быстрый цифровой актив на крипторынке

Рейтинговое агенство Weiss Ratings пришло к выводу, что XRP является самой быстрой криптовалютой на рынке и служит лучшим вариантом для перевода средств между биржами, пишет The Daily Hodl. Также агенство выступило в поддержку добавления пары USD/XRP на Binance.

2018-8-13 10:59