Financial watchdog bans crypto exchange Binance from UK

FCA also issues consumer alert against sprawling cryptocurrency group.

The UK’s financial watchdog has ordered Binance to stop all regulated activities in Britain and imposed stringent requirements in a stinging rebuke of one of the world’s biggest cryptocurrency exchanges.

The intervention by the Financial Conduct Authority in recent days is one of the most significant moves any global regulator has made against Binance, a sprawling digital asset firm with subsidiaries around the world.

The exchange has until Wednesday evening to confirm it has complied with the watchdog’s demands.

The intervention is a sign of how regulators are cracking down on the cryptocurrency industry over concerns relating to its potential role in illicit activities such as money laundering and fraud, and over often weak consumer protection.

The FCA also this weekend issued a consumer warning against both the Cayman Islands-registered Binance holdings company and Binance Markets Limited, a London-based affiliate that is controlled by chief executive Changpeng Zhao and is overseen by the UK regulator. “Binance Markets Limited is not permitted to undertake any regulated activity in the UK,” the FCA said, adding, “no other entity in the Binance Group holds any form of UK authorisation, registration or licence to conduct regulated activity in the UK”.

Source: ft.com

Comments

For my haters

₿ This is for people who told me to not put my money in Bitcoin 10 years ago 😂 RIP doubters and haters. #Bitcoin 💀 pic.twitter.com/sbuDljJtMv — Carl ₿ MENGER ⚡️🇸🇻 (@CarlBMenger) May 13, 2025

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move does not seem to be going over well with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a FAQ provided by Coinbase , for Canadian users, ...

Jupiter plugin on your site

Jupiter launches Jupiter Plugin , a customizable plugin that doesn't require RPC. PANews reported on August 7th that Jupiter announced the launch of the Jupiter Plugin. This is an open-source, lightweight, plug-and-play version of Jupiter that allows users to seamlessly integrate end-to-end swap functionality into their applications with minimal effort. Users can deploy it by simply adding a few lines of code. Seamless Integration Embed Jupiter's Swap functionality directly into your application without redirection. Multiple display options: Choose between integrated, widget or modal display modes. Customizable options: Configure the exchange form to suit your application needs. No RPC: Plugins can be integrated without any RPC, Ultra is responsible for handling transaction sending, wallet balance and token information. Ultra Mode: Access all Ultra Mode features. Enjoy!

Crypto Ethone

Search This Blog