Share this article

Binance Isn't Allowed to Be Operating in the UK, Watchdog Warns

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

Updated Sep 14, 2021, 1:17 p.m. Published Jun 27, 2021, 2:38 a.m.

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

STORY CONTINUES BELOW

Don't miss another story.Subscribe to the State of Crypto Newsletter today. See all newsletters

By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy.

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 U.K. authorization, registration or license to conduct regulated activity in the U.K."
Despite this, it appears Binance is offering U.K. customers products and services via Binance.com, the FCA said.
Binance responded in a series of tweets, saying the notice has no direct impact on the services provided on Binance.com and that its relationship with its users hasn't changed.
On Friday, Japan’s financial regulator warned Binance is operating in that country without permission.

UPDATED (June 27, 21:46): Adds Binance response.

FCA Regulations Binance

More For You

Protocol Research: GoPlus Security

By CoinDesk Research

Nov 14, 2025

Commissioned byGoPlus

What to know:

As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.

View Full Report

More For You

Small Texas Lender Monet Joining Field of Crypto-Focused Banks

By Jesse Hamilton|Edited by Nikhilesh De

17 hours ago