The Financial Conduct Authority in the United Kingdom has asked us to issue the following statement. In the interests of clarity, we are happy to do so.
Binance.com is a platform providing various products and services to global customers. Some of these products and services are regulated outside the UK, while others are not. Binance Markets Limited is a UK based company which has not yet carried on any business. BINANCE MARKETS LIMITED IS NOT PERMITTED TO UNDERTAKE ANY REGULATED ACTIVITIES IN THE UK.
Due to the imposition of requirements by the FCA, Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA. (No other entity related to Binance.com, other than Binance Markets Limited, holds any form of UK authorisation, registration or license to conduct regulated activity in the UK). Such authorisation, registration or license is not required for unregulated activities.
As a result, the imposition of the FCA’s requirements does not change any arrangements with users that use the products and services provided through www.binance.com. Accordingly, as requested by the FCA, Binance Markets Limited will obtain the FCA’s prior consent before launching its business and carrying on any regulated activities.