Crypto exchange Binance is trying to re-enter the UK market. However, it is being hampered by the Financial Conduct Authority (FCA), Bloomberg sources say.
The world's largest crypto exchange approached several companies with permission from the British regulator to promote services in the field of cryptocurrencies. However, so far the companies refuse to cooperate with Binance.
According to Bloomberg sources, the reason for the refusal was the concern expressed by the department regarding the companies’ cooperation with Binance. The Office of Financial Control refused to comment on the current situation to journalists.
Binance confirmed that it is in negotiations with a number of potential partners and promises to share good news soon.
Previously, Binance was sued by three Israeli families whose members were injured during the Hamas attack on Israel on October 7, 2023.