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Osaka Protocol (OSAK) $ 0.00000026
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BORA (BORA) $ 0.159420
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NodeAI (GPU) $ 1.80
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Taiko (TAIKO) $ 2.13
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Dent (DENT) $ 0.001786
Aleph Zero (AZERO) $ 0.565248
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Renzo (REZ) $ 0.057976
Big Dog Fink (BINK) $ 0.001145
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RCGE ($RCGE) $ 0.014215
GHO (GHO) $ 0.999034
Moonriver (MOVR) $ 17.99
Spell (SPELL) $ 0.001082
Neutron (NTRN) $ 0.584132
TARS AI (TAI) $ 0.376280
Alchemix USD (ALUSD) $ 0.987149
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Origin Ether (OETH) $ 3,891.56
ECOMI (OMI) $ 0.000600
Coq Inu (COQ) $ 0.000002
Arbitrum Bridged USDC (Arbitrum) (USDC.E) $ 0.999025
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Zentry (ZENT) $ 0.025911
ChainGPT (CGPT) $ 0.203035
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Orbs (ORBS) $ 0.034665
INSURANCE (INSURANCE) $ 8.34
CYBER (CYBER) $ 5.02
Ergo (ERG) $ 1.96
TerraClassicUSD (USTC) $ 0.027288
Pundi X (PUNDIX) $ 0.586866
sudeng (HIPPO) $ 0.015015
TokenFi (TOKEN) $ 0.072908
CARV (CARV) $ 0.995066
ANyONe Protocol (ANYONE) $ 1.86
Aurora (AURORA) $ 0.268678
MMX (MMX) $ 0.992432
WINkLink (WIN) $ 0.000149
MiL.k Alliance (MLK) $ 0.360616
DODO (DODO) $ 0.202781
Artificial Liquid Intelligence (ALI) $ 0.017986
RSK Infrastructure Framework (RIF) $ 0.146817
Slerf (SLERF) $ 0.292764
Ecoin (ECOIN) $ 0.000317
MVL (MVL) $ 0.005587
Luce (LUCE) $ 0.144170
Shadow Token (SHDW) $ 0.884464
Venom (VENOM) $ 0.074790
Decentralized Social (DESO) $ 13.54
XION (XION) $ 5.52
NEURALAI (NEURAL) $ 14.18

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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