Originally posted by _V_
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Cryptocurrency
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“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, and removed its advertising. 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.”
https://www.ft.com/content/8bc0e5e0-...5-acccaffaee87
They are dragging their feet on banning ScooterComment
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They are not authorised but clearly being used by a lot of UK based consumers, so where is crackdown? Time to send Defender to Cayman Islands and demand all the documents/people hiding thereComment
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It just said no Futures. Binance spot exchange carries on in the UK as normal. Clickbait....my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
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Originally posted by Lockhouse View PostIt just said no Futures. Binance spot exchange carries on in the UK as normal. Clickbait.
Flish your tulipcoins down the toilet whilst you have the chance.Comment
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Originally posted by DealorNoDeal View PostFor anyone who's interested, coins which can still be mined from home:
https://bravenewcoin.com/insights/cr...-home-computer"Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon MuskComment
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Originally posted by Jog On View PostPOS is where it's all at now.
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“Binance: Financial watchdog FCA bans crypto-currency exchange
Binance, the world's biggest crypto-currency exchange, has been banned by the UK's financial regulator.
The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct any "regulated activity" in the UK.
It also issued a consumer warning about Binance.com, advising people to be wary of adverts promising high returns on cryptoasset investments.
This comes amid pushback from regulators around the world against crypto-currency platforms.“
https://www.bbc.co.uk/news/business-57632831
Banned means banned - get over it.Comment
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Originally posted by AtW View Post“Banned means banned - get over it.
However, they are still allowed to use the website to purchase and sell crypto-currencies, which is not regulated"
...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
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Originally posted by Lockhouse View Post
From that same article:
However, they are still allowed to use the website to purchase and sell crypto-currencies, which is not regulated"
How many, in a few years time, will be looking to the "no win, no fee" ambulance chasers when they realise they didn't get what they thought they were?
I am what I drink, and I'm a bitter manComment
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