Binance Plans to Apply for UK FCA License, Some Services Expected to Resume in 2027
2026-08-17 18:57
Odaily News: Cryptocurrency exchange Binance plans to apply for a license from the UK's Financial Conduct Authority (FCA), with some services for UK residents expected to resume in 2027. The application is related to the upcoming new digital asset regulations in the UK.
The FCA stated in June 2021 that Binance Markets Limited, a UK subsidiary of Binance, was not permitted to conduct regulated activities in the UK. In 2023, Binance announced it would halt new user registrations in response to UK financial promotion regulations.
A Binance spokesperson said the company does not comment on speculation regarding potential license applications. Under the crypto regulatory framework published by the FCA in June, relevant firms can submit applications from September this year until February 28, 2027, with the regulatory regime officially taking effect on October 25, 2027. (Cointelegraph)
The FCA stated in June 2021 that Binance Markets Limited, a UK subsidiary of Binance, was not permitted to conduct regulated activities in the UK. In 2023, Binance announced it would halt new user registrations in response to UK financial promotion regulations.
A Binance spokesperson said the company does not comment on speculation regarding potential license applications. Under the crypto regulatory framework published by the FCA in June, relevant firms can submit applications from September this year until February 28, 2027, with the regulatory regime officially taking effect on October 25, 2027. (Cointelegraph)
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