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IOST (IOST) $ 0.004542
Magic (MAGIC) $ 0.315888
Status (SNT) $ 0.021468
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dKargo (DKA) $ 0.019267
BTSE Token (BTSE) $ 0.505746
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Radiant Capital (RDNT) $ 0.071363
RSK Infrastructure Framework (RIF) $ 0.080539
MiL.k Alliance (MLK) $ 0.207291
Solidus Ai Tech (AITECH) $ 0.079970
Neiro on ETH (NEIRO) $ 0.079556
SmarDex (SDEX) $ 0.009204
Euler (EUL) $ 4.21
Overnight.fi USD+ (USD+) $ 0.998840
Purr (PURR) $ 0.130152
Syscoin (SYS) $ 0.098767
Matr1x Fire (FIRE) $ 1.24
Fusionist (ACE) $ 2.08
TokenFi (TOKEN) $ 0.047208
Boba Network (BOBA) $ 0.199074
Kamino (KMNO) $ 0.056986
HarryPotterObamaSonic10Inu (ETH) (BITCOIN) $ 0.077120
Liquity (LQTY) $ 0.794769
Hive (HIVE) $ 0.169408
Crown by Third Time Games (CROWN) $ 0.385547
PHALA (PHA) $ 0.101511
Ampleforth (AMPL) $ 1.13
Steem (STEEM) $ 0.160079
Zebec Network (ZBCN) $ 0.001245
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Clearpool (CPOOL) $ 0.124076
Medibloc (MED) $ 0.008285
RSS3 (RSS3) $ 0.111045
Slerf (SLERF) $ 0.148911
MUMU THE BULL (MUMU) $ 0.000032
Fwog (FWOG) $ 0.076003
Request (REQ) $ 0.096122
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DODO (DODO) $ 0.099315
Wrapped QUIL (QUIL) $ 0.200789
Kyber Network Crystal (KNC) $ 0.421641
Optimism Bridged WBTC (Optimism) (WBTC) $ 57,739.00
Zano (ZANO) $ 4.95
Maverick Protocol (MAV) $ 0.187077
Super OETH (SUPEROETHB) $ 2,287.82
DAO Maker (DAO) $ 0.281896
Origin Ether (OETH) $ 2,265.46
Constellation (DAG) $ 0.020040
crvUSD (CRVUSD) $ 0.998969
Oasys (OAS) $ 0.037594
Polyhedra Network (ZKJ) $ 1.15
Undeads Games (UDS) $ 1.46
Decentralized Social (DESO) $ 6.56
Omni Network (OMNI) $ 6.65
BUSD (BUSD) $ 0.993360

Regulators in UK, Japan Issue Warnings on Binance Amid Crackdown on Unauthorized Crypto Exchanges

By Aleksandr On Jun 27, 2021

Top financial regulators in England and Japan have independently issued warnings on Binance for offering crypto exchange services to residents of the two countries without being registered with the regulators as required by law.

Japanese Regulator’s Warning

Japan’s top financial regulator, the Financial Services Agency (FSA), issued a warning notice to Binance Holdings Ltd. and CEO Changpeng Zhao on Friday.

The notice states that Binance has been providing crypto exchange services to Japanese customers without registration.

Under Japanese cryptocurrency regulation, companies wanting to provide crypto exchange services in Japan must register with the FSA.

This was not the first time Binance received such notice from the FSA. The regulator issued the same warning to Binance in March 2018.

In May, the FSA issued a similar warning to Bybit Fintech Ltd. and its CEO, Ben Zhou.

British Regulator’s Warning

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Britain’s financial regulator, the Financial Conduct Authority (FCA), issued a consumer warning on Binance Saturday.

The FCA states: “Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA … This firm is part of a wider group (Binance Group) … The Binance Group appears to be offering UK customers a range of products and services via a website, Binance.com.”

The FCA emphasized: “No other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK.”

Binance is not the only firm offering crypto exchange services to UK customers without registering with the financial authority. The regulator said:

Most firms advertising and selling investments in cryptoassets are not authorised by the FCA.

What do you think about the warnings on Binance by the two countries’ regulators? Let us know in the comments section below.

Source: news.bitcoin.com

Aleksandr 1790 posts 0 comments

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