ADVERTISEMENT
  • About Us
  • Contact
  • Advertise
  • Privacy Policy
  • Terms and Conditions
Tuesday, July 5, 2022
No Result
View All Result
NEWSLETTER
Cayman Marl Road
  • Home
  • CMR Daily Buzz
  • Cayman’s Youth
  • Parliament
  • Live Show
  • COVID-19
  • Election 2021
  • Legal Notices
  • Entertainment
    • All
    • Events
    • Music
    Capella Music Festival returns to Cayman

    Capella Music Festival returns to Cayman

    ‘Summer Serenade’ to be held Friday

    ‘Summer Serenade’ to be held Friday

    Cayman approves banned artist

    Cayman approves banned artist

    Roy Bodden Symposium book launching Tuesday

    Roy Bodden Symposium book launching Tuesday

    Kirsty O’Sullivan wins National Playwriting Competition

    Kirsty O’Sullivan wins National Playwriting Competition

    Cayman Air Show returns for Queen’s Jubilee after 20-year break

    Cayman Air Show postponed due to bad weather

    Deputy Governor’s 5K Challenge Grand Cayman takes place Sunday

    Deputy Governor’s 5K Challenge Grand Cayman takes place Sunday

    Cayman Air Show returns for Queen’s Jubilee after 20-year break

    Cayman Air Show returns for Queen’s Jubilee after 20-year break

    Cayman Auto Show to donate 100 percent of fees to local charities

    Cayman Auto Show to donate 100 percent of fees to local charities

  • Lifestyle
    • All
    • Food
    • Health
    • Medical Experts
    12 new COVID positive travelers since Friday

    HSA to only do COVID testing for public health purposes

    Health City Cayman partners with OceanMed for Cayman’s first robotic surgery

    Health City Cayman partners with OceanMed for Cayman’s first robotic surgery

    Polio virus detected in London

    Polio virus detected in London

    United States bans Juul e-cigarettes

    United States bans Juul e-cigarettes

    Lack of full vaccine access for children explained

    FDA authorizes COVID vaccine for children as young as 6 months

    Health insurance assistance program ends 30 June

    Health insurance assistance program ends 30 June

    Cancer disappears in patients in experimental drug trial

    Cancer disappears in patients in experimental drug trial

    Epidemiologist joins Cayman team

    Epidemiologist joins Cayman team

    PAHO/WHO representative visits Cayman

    PAHO/WHO representative visits Cayman

    Migrants in isolation after cases of Chicken Pox emerge

    Migrants in isolation after cases of Chicken Pox emerge

    Trending Tags

  • Home
  • CMR Daily Buzz
  • Cayman’s Youth
  • Parliament
  • Live Show
  • COVID-19
  • Election 2021
  • Legal Notices
  • Entertainment
    • All
    • Events
    • Music
    Capella Music Festival returns to Cayman

    Capella Music Festival returns to Cayman

    ‘Summer Serenade’ to be held Friday

    ‘Summer Serenade’ to be held Friday

    Cayman approves banned artist

    Cayman approves banned artist

    Roy Bodden Symposium book launching Tuesday

    Roy Bodden Symposium book launching Tuesday

    Kirsty O’Sullivan wins National Playwriting Competition

    Kirsty O’Sullivan wins National Playwriting Competition

    Cayman Air Show returns for Queen’s Jubilee after 20-year break

    Cayman Air Show postponed due to bad weather

    Deputy Governor’s 5K Challenge Grand Cayman takes place Sunday

    Deputy Governor’s 5K Challenge Grand Cayman takes place Sunday

    Cayman Air Show returns for Queen’s Jubilee after 20-year break

    Cayman Air Show returns for Queen’s Jubilee after 20-year break

    Cayman Auto Show to donate 100 percent of fees to local charities

    Cayman Auto Show to donate 100 percent of fees to local charities

  • Lifestyle
    • All
    • Food
    • Health
    • Medical Experts
    12 new COVID positive travelers since Friday

    HSA to only do COVID testing for public health purposes

    Health City Cayman partners with OceanMed for Cayman’s first robotic surgery

    Health City Cayman partners with OceanMed for Cayman’s first robotic surgery

    Polio virus detected in London

    Polio virus detected in London

    United States bans Juul e-cigarettes

    United States bans Juul e-cigarettes

    Lack of full vaccine access for children explained

    FDA authorizes COVID vaccine for children as young as 6 months

    Health insurance assistance program ends 30 June

    Health insurance assistance program ends 30 June

    Cancer disappears in patients in experimental drug trial

    Cancer disappears in patients in experimental drug trial

    Epidemiologist joins Cayman team

    Epidemiologist joins Cayman team

    PAHO/WHO representative visits Cayman

    PAHO/WHO representative visits Cayman

    Migrants in isolation after cases of Chicken Pox emerge

    Migrants in isolation after cases of Chicken Pox emerge

    Trending Tags

No Result
View All Result
Cayman Marl Road
No Result
View All Result

Warnings issued against Cayman-registered Binance as UK bans largest crypto exchange

by Renae Stampp
June 28, 2021
in Finance
0
Warnings issued against Cayman-registered Binance as UK bans largest crypto exchange
38
SHARES
Share on FacebookShare on TwitterShare on Whatsapp

(CMR) Britain's Financial Conduct Authority has banned Binance, one of the world's biggest cryptocurrency exchanges, from operating in the UK. The financial regulator reportedly issued a consumer warning against both the Cayman Islands-registered Binance Holdings Company and Binance Markets Limited, a London-based affiliate.

In a statement on Saturday, the Financial Conduct Authority said that Binance Markets Limited “is not permitted to undertake any regulated activity in the UK.”

“No other entity in the Binance Group holds any form of UK authorization, registration, or license to conduct regulated activity in the UK,” the regulator added.

The FCA has ordered Binance to display by next Wednesday on its website that “BINANCE MARKETS LIMITED IS NOT PERMITTED TO UNDERTAKE ANY REGULATED ACTIVITY IN THE UK.”

Although the FCA has restricted Binance from offering services in the UK, citizens can still access Binance’s services in other jurisdictions, the Financial Times reported.

UK's ban on Binance was one expected as the world’s largest crypto exchange by trading volumes, which was set to launch its own digital asset marketplace in Britain, withdrew its applications after failing to meet anti-money laundering requirements.

The UK ban follows news that Japanese regulators sent warnings to Binance that they may be operating in the country without proper authorization. Regulators in Ontario, Canada, have also put a stop to the company's operation there as of December 31.

China has also said it will not tolerate crypto trading. The crypto sector has seen major setbacks in recent months, with a major fall in value due to regulations in several countries. Last week Bitcoin fell below $30,000 for the first time since January. However, it gained more than 5% over the past 24 hours to trade at $34,800 on Monday.

According to the Financial Times, Binance is one of the most important operators in the fast-emerging crypto market, offering a wide range of services to customers around the world, including trading in dozens of digital coins, futures, options, stock tokens, as well as savings accounts and lending. It recorded crypto trading volumes equivalent to $1.5tn last month, according to data from TheBlockCrypto.

Join the CMR Community!

Join Cayman Marl Road on YouTube, Facebook or Instagram! for the latest discussions on all topical issues.

We welcome all viewpoints but ask for responsible commentary on our stories.

Have a tip for us? Email today!

 

Related posts:

Cayman's economy expanded by 1.7% for first 9 months of 2021
US replaces Cayman as top enabler of financial secrecy
Investors suffer big losses in crypto collapse
Cayman's GDP declined in 2020 after 9 years of growth
Share your vote!


No, thanks.
How do you feel after reading this?
  • Fascinated
  • Happy
  • Sad
  • Angry
  • Bored
  • Afraid
Tags: Binancecryptocurrency
Renae Stampp

Renae Stampp

A regional writer with almost 10 years of experience working in various news media including two major media houses in Bermuda and Jamaica. Renae provides professional content for our regional and international audience.

Related Posts

Cayman’s economy expanded by 1.7% for first 9 months of 2021

Cayman’s economy expanded by 1.7% for first 9 months of 2021

by Renae Stampp
May 27, 2022
0

(CMR)  The Cayman Islands' gross domestic product (GDP) indicated that economic activity increased by an estimated 1.7% in the first...

US replaces Cayman as top enabler of financial secrecy

by Renae Stampp
May 18, 2022
0

(CMR) The Cayman Islands is no longer the top country that helps individuals hide ownership of assets after dropping to...

Cayman’s GDP declined in 2020 after 9 years of growth

Cayman’s GDP declined in 2020 after 9 years of growth

by Renae Stampp
March 31, 2022
0

(CMR) Cayman's Gross Domestic Product (GDP) estimate for 2020 shows that the local economy contracted by 5.7%, reversing nine consecutive...

Ministry of Investment supports Cayman Finance with $350,000

Ministry of Investment supports Cayman Finance with $350,000

by Renae Stampp
February 3, 2022
0

(CMR) The Cayman Islands Government’s Ministry of Investment, Innovation and Social Development announces a strategic partnership with Cayman Finance, the...

Cayman company charged in SEC’s first case involving DeFi technology

Cayman company charged in SEC’s first case involving DeFi technology

by CMR
August 6, 2021 - Updated on August 7, 2021
0

“Full and honest disclosure remains the cornerstone of our securities laws – no matter what technologies are used to offer...

Government projects economic growth in Strategic Policy Statement

Government projects economic growth in Strategic Policy Statement

by Renae Stampp
July 16, 2021 - Updated on May 16, 2022
0

(CMR) Deputy Premier and Minister for Finance and Economic Development Hon. Chris Saunders unveiled the PACT Government’s first Strategic Policy...

Next Post
Boat with 20 dead bodies found drifting off Turks and Caicos coast

Boat with 20 dead bodies found drifting off Turks and Caicos coast

Recent News

George Town luxury boutique hotel breaks ground

George Town luxury boutique hotel breaks ground

July 5, 2022
Premier tests positive for COVID

Premier tests positive for COVID

July 5, 2022
Cecil Hylton receives Regiment’s Commanding Officer’s Commendation

Cecil Hylton receives Regiment’s Commanding Officer’s Commendation

July 5, 2022
Man arrested for indecently assaulting passenger

Police seize illegal gun and bullet-proof vest

July 5, 2022
Dejea Lyons receives Princess Diana Award

Dejea Lyons receives Princess Diana Award

July 5, 2022
Fuentes gunned down by one-time friend

Fuentes gunned down by one-time friend

July 4, 2022 - Updated on July 5, 2022
  • About Us
  • Contact
  • Advertise
  • Privacy Policy
  • Terms and Conditions

Copyright © 2022 CMR Cayman's Premier News Source - All Rights Reserved

No Result
View All Result
  • Home
  • CMR Daily Buzz
  • Events
  • Election 2021
  • Cayman’s Youth
  • Legal Notices
  • Live Show
  • The Cold Hard Truth
  • Ask The Marl Road
    • Consumer Protection
    • COVID-19
    • What would you do?
  • Breaking News
  • Government
    • Road Closures
  • Rumor Has It
  • Investigative Reports
  • Business
    • Finance
  • Cayman Crime Watch
  • Celebration of Life
  • Community Notices/Events
    • Accidents
    • Police
    • Weather
  • Court Cases
    • Civil
    • Criminal
  • Entertainment
    • Events
    • Music
  • Family
    • Education
    • Fury Friends
  • Lifestyle
    • Food
    • Health
    • Medical Experts
  • News Roundup
  • Opinions
    • Polls
    • Cartoons
  • Politics
    • Parliament
  • Regional News
  • Social Media Happenings
    • Jackass of the Day!
    • Lost & Found
  • World News
  • Cayman Small Business
  • Cayman Wellness
  • Tech News
  • Sports
  • Science
  • Weird & Unusual News
  • Advertorials

Copyright © 2022 CMR Cayman's Premier News Source - All Rights Reserved