Binance Markets Limited (BML), Binance’s UK subsidiary, deregistered with the FCA. говорится на сайте регулятора.
The organisation will not be able to provide any services in the United Kingdom.
Binance regional manager Ilir Laro, in comments to Finance Magnates, said the decision did not affect operations, as the firm had never carried out operations.
«BML was acquired in 2020 by the Binance group, which intended to launch a regulated business in the United Kingdom. However that attempt did not succeed, and the subsidiary had been inactive since the acquisition», Laro explained.
He also added that Binance still owns five regulated entities in Europe, including France, Italy, Spain, Poland and Sweden.
For Europe, we already have 5 regulated entities: France, Italy, Spain, Poland, Sweden. As MiCA kicks into force in 2024/5, we are moving focus to getting ready which means some consolidating in order to passport throughout Europe.
— Ilir ? Binance (@ilir_laro) June 18, 2023
On 16 June, Binance announced its exit from the Netherlands jurisdiction — the company was unable to obtain a licence from local authorities.
Earlier the exchange withdrew its registration in Cyprus to focus on engaging with a smaller number of regulators in Europe.
Back in June, it emerged that the French Binance subsidiary has been under a preliminary investigation since February 2022 in connection with alleged illicit provision of cryptocurrency services and non-compliance with anti-money-laundering obligations.