UK’s FCA Authorizes Binance Markets Limited (BLM) to Operate in the Country

2021-8-25 19:38

UK’s financial watchdog, the Financial Conduct Authority, announced on Wednesday that Binance Market Limited (BML), the UK-based entity of Binance, is now authorized to operate in the country for “specific activities and product types.”

FCA does not regulate crypto assets but regulates certain crypto derivatives such as futures contracts, contracts for difference, and options along with those that they consider securities.

“A firm must be authorised by us to advertise or sell these products in the UK,” says the agency. Firms regulated by the FCA may also carry out activities that are not regulated by either the FCA or the Prudential Regulation Authority (PRA).

Late in June, the FCA said BML is not permitted to undertake any regulated activity in the UK and imposed requirements on it. The Binance Group, it further said, appeared to be offering UK customers various products and services via its website, Binance.com.

Last month, however, Binance said BML is a separate legal entity incorporated in the UK and regulated by the FCA that does not offer any products or services through Binance.com.

In a notice published today and dated June 25, FCA says the firm is “not capable of being effectively supervised,” which is of particular concern because it offers complex and high-risk financial products, “which pose a significant risk to consumers.”

But now BML has complied with all aspects of the requirements, said the financial regulatory body in the UK.

According to the FCA website, Binance is currently trading under two names Binance.UK effective from July 29, 2020, and BML from July 16, 2020.

While investors don’t have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong on investing in certain crypto assets, “Complaints about regulated activities that this firm (BML) has permissions for may be covered,” by them, it added.

FCA further says BLM must protect the funds it holds on behalf of its customers and cannot lend the money to finance its own business.

The post UK’s FCA Authorizes Binance Markets Limited (BLM) to Operate in the Country first appeared on BitcoinExchangeGuide.

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 $ 504.43 (-100%)

binance country financial operate limited entity authorized

Источник: bitcoinexchangeguide.com

binance country → Результатов: 126


Blockchain Week Rome: All the news about the biggest Italian dedicated to cryptocurrency and blockchain

The Summit weekend ok Blockchain Week Rome will be an opportunity without precedents to experience the cryptocurrencies world. For the first time in Italy, guests from the most important companies in the world, such as Binance, Tron and Zcash, will join the experts of Italian country, the Institutions, and the communities, with a series of […] The post Blockchain Week Rome: All the news about the biggest Italian dedicated to cryptocurrency and blockchain appeared first on AMBCrypto.

2019-6-6 11:30


Binance Coin Price Analysis: BNB Likely to Correct to $13 Before Doubling to $26

Today's Binance (BNB) News Available in Australia, Binance has launched a cash to Bitcoin brokerage service allowing users to buy Bitcoin with Cash via InvestbyBit operated Binance Lite Australia. The service is the first of its kind in the sub-continent and through a network of more than 1,300 agents distributed across the country, crypto users […]

2019-3-21 16:23


Binance Exchange’s Revised Terms and Conditions Force Banned Country Customers to Remain Cut Off

As many of our readers might already be aware of, Binance, one of the world’s premier cryptocurrency exchange platforms, has officially withdrawn its services from certain countries that have recently been targeted by US economic sanctions as part of its controversial revised terms of use. To be even more specific, we can see that this […]

2019-1-6 22:04


A Crypto fiesta is Going Down in Spain; is Another Widespread Crypto Adaptation About to Happen?

Malta may have been the most talked about European country that pioneers cryptocurrency and blockchain activities. With exchange giants like Binance, Okex situated in Malta, as well as Blockchain firms which has led the country to bag the title “ Blockchain Island”, the Spaniards have been peering in closely and taking as much notes as […] The post A Crypto fiesta is Going Down in Spain; is Another Widespread Crypto Adaptation About to Happen? appeared first on ZyCrypto.

2018-11-11 13:50


Top Bitcoin and Cryptocurrency News For Today October 16th [VIDEO]

Bitfinex Issues Fiat Deposit Update, Decides to Place a Hold for Only Some Customer Accounts Bitfinex Issues Fiat Deposit Update, Decides to Place a Hold for Only Some Customer Accounts Binance Uganda is Live as First Fiat-Crypto Trading Exchange Platform in Country Binance Uganda is Live as First Fiat-Crypto Trading Exchange Platform in Country Ethereum […]

2018-10-17 04:05


Binance Uganda Officially Launched, Pairs the Ugandan Shilling with BTC and ETH

Back in late June, the team at Binance had announced their intentions of open operations in Uganda. The main goal of opening an exchange in the African country, was that Binance wished to expand its reach not only in the developed countries, but to those less developed and with the potential to grow into thriving […] The post Binance Uganda Officially Launched, Pairs the Ugandan Shilling with BTC and ETH appeared first on Ethereum World News.

2018-10-15 14:30


Binance’s CEO and Team, attend Malta’s First Ever Blockchain Summit

The country of Malta is spearheading the regulation of cryptocurrencies and blockchain technology by being the first nation to issue clear legislation and/or guidelines on the industry. To promote the country as a hub for blockchain innovation, the first ever Delta Summit was held in Malta from the 3rd to the 5th of October this […] The post Binance’s CEO and Team, attend Malta’s First Ever Blockchain Summit appeared first on Ethereum World News.

2018-10-7 18:10


Фото:

The Daily: Binance Tests Fiat Exchange, Russians Mull Crypto Platforms

Binance, the leading cryptocurrency exchange, has announced it will start testing a fiat-to-crypto currency trading platform in Singapore and we’ve got the story in Sunday’s edition of The Daily. Also, two islands in Russia are competing to host the country’s first regulated exchange, and the ECB says Europe doesn’t need a central bank issued crypto.

2018-9-16 15:28


Фото:

Binance To Launch FIAT To Crypto Exchange In Liechtenstein

Liechtenstein is one of the smallest countries in the world. With a population of 32,000 and an area covering just 62 square miles, Liechtenstein is a country with a lot of character. It’s also the world’s leading manufacturer of false teeth and now the new home of Binance LCX, a partnership between leading cryptocurrency exchange Binance and the Liechtenstein Cryptoassets Exchange (LCX), in a move that hopes to bring citizens in Liechtenstein the opportunity to access a local, but leading FIAT-Crypto exchange.

2018-8-17 13:30


Binance LCX Fiat to Crypto Exchange Launched, EUR and CFH Trading Pairs Available

Binance LCX is a Fiat to Crypto Exchange for Serious Investors Binance has announced the release of new fiat to cryptocurrency exchange, Binance LCX, in the country of Liechtenstein. The new partnership between Binance and LCX will give users a new technology exchange platform specializing in fiat to crypto. Focal points of the exchange are customer […]

2018-8-16 22:16


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance Coin breaks a huge bullish pattern! Can BNB rally to $775?

With strong and bullish price action, BNB could soar by 15% to reach the $775 level. Traders were over-leveraged at the $656.3 and $683.3 levels. Binance Coin [BNB], the world’s fifth-largThe post Binance Coin breaks a huge bullish pattern! Can BNB rally to $775? appeared first on AMBCrypto.

BNB can reach $1630, data reveals, but only if...

The weekly time frame for Binance showed a key level to close above for a rally. The liquidation heatmap and profitability on BUSD signaled bullish momentum. The weekly chart for Binance CoiThe post BNB can reach $1630, data reveals, but only if... appeared first on AMBCrypto.

Binance Unveils BFUSD: A High-Yield Asset For Futures Traders

Binance has announced the upcoming launch of BFUSD, a new reward-bearing margin asset designed specifically for Binance Futures users. Offering an impressive annual percentage yield (APY) of 19. 55%, BFUSD allows users to earn daily rewards without the need for staking.

Are altcoins breaking free from Bitcoin? Solana, BNB hold the clue

Solana continued to remain volatile with its massive gains. BNB, on the other hand, was consolidating.  After a week of massive gains for most of the altcoins, things slowed down in the pasThe post Are altcoins breaking free from Bitcoin? Solana, BNB hold the clue appeared first on AMBCrypto.

Santiment: Мемкоины обошли биткоин по популярности

Аналитики платформы Santiment сообщили, что мемкоины вроде Peanut the Squirrel (PNUT), Pepe (PEPE) и Dogecoin (DOGE) обошли биткоин по популярности. Специалисты замеряли популярность числом упоминаний в социальных сетях.

Биткоин впервые в истории протестировал уровень в $85 000

Вечером в понедельник, 11 ноября, первая криптовалюта в моменте впервые пересекла планку стоимости в $85 000, установив новый исторический максимум. Рекорд был зафиксирован на крупнейшей криптобирже мира Binance около 19:15 UTC.