Binance cancels registration in the UK amid regulatory scrutiny

Troubled cryptocurrency exchange Binance continues to withdraw from major markets amid the ongoing pushback from global regulators. Binance Markets Limited (BML), Binance’s United Kingdom-based subsidiary, has officially canceled registration with the Financial Conduct Authority (FCA). After deregistration, no Binance entity is authorized by the FCA to provide any services in the United Kingdom, the regulator stated on its website. According to the FCA, the authority completed Binance’s cancellation request of BML’s permissions with the authority on May 30, 2023. “Following the completion of the cancellation of permissions the firm is…

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