FCA Issues Consumer Warning On Binance Group

The U.K. Financial Conduct Authority (FCA) issued a consumer warning memo identifying Binance Markets Limited, and Binance Group, its parent organization, as a firm prohibited from undertaking any regulated activity within the U.K. The pronouncement follows imposition requirements set by the FCA, disabling Binance and any of its subsidiaries and related companies from undertaking regulated activities without prior written notice of consent from the FCA. According to the FCA’s warning, it appears that Binance Group is offering UK customers a range of regulated financial products and investment instruments through Binance.com.