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Binance UK Subsidiary Cancels Unused FCA Permissions
The UK subsidiary of the world’s largest crypto exchange has canceled unused permissions it held with the Financial Conduct Authority (FCA). Binance Markets Limited (BML) has officially withdrawn the permissions the company held with the Financial Conduct Authority (FCA) for non crypto-related activities, meaning that it “can no longer provide regulated activities and products,” according to the regulator’s statement. Per an update on FCA’s website, dated June 7, the registration has been withdrawn at the company's request, which “was completed on 30 May 2023 and is reflected on the FCA Register. ... (full story)