The British supervision has ordered Binance to cease its regulated activities in the UK

The stock exchange cannot engage in any regulated activity without the prior written permission of the FCA, the supervisor said in a statement issued on Saturday.

No other organization within the Binance Group is in any way licensed, registered or licensed in the United Kingdom to carry out regulated activities in the United Kingdom.

– states in the FCA communication.

Binance, one of the world’s largest cryptocurrency stock exchanges, is also being investigated by regulators in other countries, including the United States and Germany.

U.S. Department of Justice and tax office officials investigating money laundering and tax crimes have requested information from individuals who have insight into the company’s business, Bloomberg said last month.

In April, German financial supervisor BaFin warned the stock market that it was threatened with a fine for offering digital tokens (synthetic stocks) without investor information.


Címlapkép: Tiffany Hagler-Geard/Bloomberg via Getty Images