Home Business Binance, the crypto giant Ordered to terminate all transactions in the UK | RYT9

Binance, the crypto giant Ordered to terminate all transactions in the UK | RYT9

by news dir

The British Financial Markets Agency (FCA) has ordered Binance, the world’s largest cryptocurrency trading platform. Cease all transactions in the UK. Along with warning consumers about investing in cryptocurrencies.

The FCA statement reads: “Binance Markets, a UK-based entity of Binance. No activities may be undertaken without the FCA’s written consent, the measure taking effect immediately.”

The FCA also issued a statement warning consumers to be cautious about investing in cryptocurrencies. As was warned last January that Those who invest in cryptocurrencies are at high risk of losing all their money.

“FCA is aware that Some companies are offering crypto-currency investments, lending or investing in high-yield crypto-related assets. which if consumers invest in these products should be prepared to lose all investments,” the FCA said.

The FCA’s statement echoed the warnings of Bank of England (BoE) Governor Andrew Bailey, who said cryptocurrencies have no value in themselves. And those who invest should be prepared to lose all their money.

“Let me be frank once again that You can only buy it if you are ready to lose all your money,” Bailey said.

Binance is the world’s largest cryptocurrency trading platform. It was established in the Cayman Islands. and has an office in Singapore

In the middle of May last US Department of Justice and the US Revenue Department It has investigated Binance for possible involvement in money laundering and tax evasion.


–InfoQuest Translated and edited by Rattana Pongtwit Tel.02-2535000 ext.327 Email: [email protected]

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