Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: mlawson71 on December 13, 2021, 04:36:10 PM
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One of the largest crypto exchanges in the world, Binance, got banned by the FCA a few months ago, but clearly they have not given up on the idea of operating in the UK at all, because recently the company’s CEO, Changpeng Zhao announced during an interview that they intend to seek a license from the above-mentioned regulator.
According to his words, they aim to become a registered crypto asset firm in the UK in six to eighteen months.
“We’re making a number of very substantial changes in organizational structures, product offerings, our internal processes and the way we work with regulators,” Zhao also said and then continued “we want to continue to establish a presence in the U.K. and serve U.K. users in a fully licensed and fully compliant manner.”
Source (https://www.forexbrokerz.com/news/binance-to-seek-fca-approval)
I think with enough changes they will likely get that license, it's probably just a matter of time.