US Arrests Cryptocurrency Exec Over multibillion-Dollar Fraud

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LONDON - Cryptocurrency trade Binance has been banned from operating within the U.K. BINANCE MARKETS Limited Just isn't PERMITTED TO UNDERTAKE ANY REGULATED Activity Within the U.K. Binance, the world's largest crypto exchange by trading volumes, was set to launch its personal digital asset marketplace in Britain. No other entity within the Binance Group holds any form of U.K. From June 30, the company - which already affords Brits crypto buying and selling through its website - must add a discover in a prominent place in its website and apps exhibiting U.K. As a result of imposition of requirements by the FCA, Binance Markets Limited isn't presently permitted to undertake any regulated activities without the prior written consent of the FCA. However, it was considered one of several crypto companies that withdrew functions to register with the FCA resulting from not assembly anti-money laundering necessities. Britain's Financial Conduct Authority stated Saturday that Binance Markets Limited, the U.K.