Cryptocurrency

[AtW]

From that same article:

However, they are still allowed to use the website to purchase and sell crypto-currencies, which is not regulated"

Sell your liver and load up on tulipcoins to the max, whilst you are “allowed” to do so

[Lockhouse]

Sell your liver and load up on tulipcoins to the max, whilst you are “allowed” to do so

That's not the point I was making and you know it. I was just pointing out the article was clickbait, which it is.

[AtW]

That's not the point I was making and you know it. I was just pointing out the article was clickbait, which it is.

“U.K. Financial Regulator Bars Crypto Exchange Binance Markets

Binance Markets Ltd. was banned by the U.K.’s financial watchdog from doing any regulated business in the country, one of the most significant moves to date by a regulator amid a global crackdown in the crypto industry.

Binance Markets has until the evening of June 30 to confirm that it has removed all advertising and financial promotions, according to the Financial Conduct Authority’s register. The exchange must also make clear on its website, social media channels and all other communications that it is no longer permitted to operate in the U.K. Binance Markets won’t be able to resume U.K. operations without prior written consent.”

https://www.bloomberg.com/news/artic...&sref=o1Dqf087

Common for crooks to use multiple Ltds to evade regulatory action, this is catching up tho - FBI charges not far now

[Jog On]

“U.K. Financial Regulator Bars Crypto Exchange Binance Markets

Binance Markets Ltd. was banned by the U.K.’s financial watchdog from doing any regulated business in the country, one of the most significant moves to date by a regulator amid a global crackdown in the crypto industry.

Binance Markets has until the evening of June 30 to confirm that it has removed all advertising and financial promotions, according to the Financial Conduct Authority’s register. The exchange must also make clear on its website, social media channels and all other communications that it is no longer permitted to operate in the U.K. Binance Markets won’t be able to resume U.K. operations without prior written consent.”

https://www.bloomberg.com/news/artic...&sref=o1Dqf087

Common for crooks to use multiple Ltds to evade regulatory action, this is catching up tho - FBI charges not far now

No

He's pointing out that Binance have been stopped from any regulated activities such as derivatives. Trading spot crypto is unaffected, so no they haven't 'banned' Binance in the UK. There were quite a few FUD headlines saying this yesterday so I don't blame you for hyperventilating all over it but unfortunately it's a nothing burger.

[AtW]

Here is another nothingburger - DOUBLE WHOPPER SIZE:

"Binance customers frozen out of withdrawals via key UK payment network

Move comes shortly after Britain’s financial watchdog cracked down on the crypto exchange

Binance customers have lost the ability to withdraw and deposit pounds using one of the main UK payments systems three days after the country’s financial watchdog banned the crypto exchange from operating in Britain. On Monday the digital asset company said on its main exchange, Binance.com, that the ability to remove sterling from the platform through a system known as Faster Payments had been “suspended for maintenance”. Binance did not say how long the outage would last and declined to immediately comment on the notice."

https://www.ft.com/content/2d427ed7-...4-46429b19df5d

As it was said above - this is NOTHING, which happens exactly the same amount you can withdraw from unauthorised equities exchange - enjoy your nothing-to-withdraw-burger-without-cheap-slice-of-cheese

[AtW]

The next operation Jog On is going to need is selling off his kidney to pay next months rent in a rent-a-room Apartments Limited

[d000hg]

The whole point of crypto exchanges is you can withdraw/deposit crypto. Not a big deal.

[AtW]

"Binance UK customers blocked from card withdrawals

Binance customers met with message cash withdrawals are 'down for maintenance'

Almost two million UK bitcoin traders have been blocked from cashing in their cryptocurrency gains after trading hub Binance suspended the use of bank cards.

The ban on card withdrawals leaves customers with no easy way of taking out their funds, and comes after Binance previously blocked transfers directly to a bank account. It follows a rare intervention by the Financial Conduct Authority (FCA), which has said the company cannot offer regulated finance services.

Customers who sought to withdraw funds using their cards on Tuesday morning were met with a warning saying "this payment channel is closed for maintenance”. Deposits using cards were also prohibited.

Cayman Islands-registered Binance is the world’s largest cryptocurrency exchange, processing $1.5 trillion (£1.1 trillion) in worldwide crypto transactions per month with millions of customers, and has surfed a wave of enthusiasm for bitcoin as prices surged during Covid."

https://www.telegraph.co.uk/technolo...d-withdrawals/

[Jarman]

It just said no Futures. Binance spot exchange carries on in the UK as normal. Clickbait.

just usual bs from AtW

[Jarman]

It just said no Futures.

Don't bother explaining what Futures mean mate, you will get chased by the FBI and the Aliens from the Dark side of the Moon.