Binance, the world’s largest cryptocurrency exchange, is having difficulty entering the UK market.
According to information provided by Bloomberg, Binance entered the UK market, where it stopped serving last October. for legal reasons Having difficulty re-entering.
The country’s regulatory authority, the FCA, decided last year to organize an advertising campaign Cryptocurrency companies that want to have be registered or this through an authorized partner He explained that it was necessary.
Binance agreed with Rebuildingsociety for this, but FCA is not valid had announced.
Allegedly, Binance was then asked to carry out its marketing activities. with at least three companies contacted, but none of them agreed to the partnership due to FCA’s statements.
The Binance team denied the allegations and said there would be “positive updates soon.”