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UK Financial Conduct Authority (FCA) banned Binance from the country

It is good to know that our Complaints to Countries and Organizations are getting results, although with every regulator you have to have a dialogue, sometimes this dialogue can last almost a year, as it was with the UK Financial Conduct Authority (FCA). But, the results of such dialogues, providing data - do their job.

Today, we can celebrate a small victory and say thank you to the FCA for their decision, thank you for your firm stance on an unregulated casino called Binance.

UK Financial Conduct Authority (FCA) has imposed a ban on the British unit Binance to carry out any regulated activities without prior written approval of the agency, a similar note appeared in the registration documents of Binance Markets Limited (registration number 688849):

 


Additionally, the U.K. Financial Conduct Authority (FCA) issued a consumer warning, where the regulator noted that Binance Markets Limited is part of the Binance Group.

"No other entity within the Binance Group is authorized, registered or licensed in any form to conduct regulated activities in the UK," the FCA clarified.

Binance Markets Limited is not authorized to conduct any regulated activities in the United Kingdom. The firm is part of a wider group (the Binance Group).

Binance Markets Limited is not authorized to conduct any regulated activities in the United Kingdom. The firm is part of a wider group (the Binance Group).

No other entity in the Binance group has any form of authorization, registration or license in the UK to conduct regulated activities in the UK.

The Binance group appears to offer a wide range of products and services to U.K. customers through its website, Binance.com.

In the order, the U.K. Financial Conduct Authority (FCA) listed measures the firm must take by the close of business on June 30, 2021, as follows:

- The Firm must not engage in any regulated activities without the prior written consent of the FCA and the prohibition will take effect immediately (June 25, 2021).

- By the close of business on June 30, 2021, the Firm must post prominently on the Binance.com website, and any other communication channels or social media, mobile and desktop applications of Binance, a notice stating:

"BINANCE MARKETS LIMITED IS NOT PERMITTED TO CONDUCT ANY REGULATED ACTIVITIES IN THE UK.

Due to the introduction of FCA requirements, Binance Markets Limited is not currently permitted to conduct any regulated activities without the prior written consent of the FCA. (No other entity in the Binance group has any form of authorization, registration or license in the UK to conduct regulated activities in the UK.)"”

- The firm will remove or, if this is not possible, give instructions to remove any advertising and PR activities it currently conducts live, in whatever form, by June 30, 2021.

- - The firm must provide written confirmation of the steps it has taken to comply with paragraphs 1.1(2) and 1.1(3) to the FCA by the close of business on June 30, 2021.

- The firm must secure and retain all records and/or information (physical or electronic) pertaining to all UK consumers from its systems in their original form or in a copy that is identical to the source of the material. They must be retained in form and location within the U.K., and notify the FCA in writing by July 2, 2021. All records must be furnished to the FCA or to a person designated by the FCA promptly upon request.

What to add? Another ban for the unregulated and fraudulent Binance casino in the piggy bank. Scambinance.com's goals, objectives and assistance are slowly being realized.


Binance entities in the UK

It is worth noting that Binance (Binance Holdings Ltd, owners Guangying Chen (Heina Chen) and Changpeng Zhao) have a number of companies in the UK:)

- BINANCE DIGITAL LIMITED (registration number 12340481) - is a direct link to Binance.com:
The company's share capital is £1 and its purpose is software development.
Director: Yu Helen HAI, date of birth - May 1978, nationality - UK
Director: Yu YONGJIE, Date of Birth - August 1990, Nationality - China
Director: Wei ZUOWEN, date of birth - November 1992, nationality - China
Director (Retired): Simon Luke DINGLE, Date of Birth - September 1979, nationality - South African
 
Ms. Yu Helen HAI, has another company, which is related to Binance:
- AFRICAN DEVELOPMENT PARTNERS LIMITED (registration number 10433314) - direct link to Binance.com:
Company's share capital is £18,000 and the company's purpose is to be a Financial Services Holding Company.
Director (retired): Yu Helen HAI, date of birth - May 1978, nationality - United Kingdom
Director: Gavin Ewen Gemmill JONES, date of birth - December 1959, nationality - United Kingdom (holding a number of companies)
Director: Andrew Scott THORBURN, date of birth - March 1948, nationality - United Kingdom (has a number of companies)
 
Yu Helen HAI is the Head of Binance Charity Foundation, her Twitter @helenhaiyu, there is a lot of information on the Internet, she is a public person.
 
- Binance LTD (registration number 13317019) - appointment unknown, no connection with Binance.com:
Company's registered capital is £100, company purpose is software creation, not financial advice, employment agency.
Director: Kan YE, date of birth - December 1981, nationality - UK
Director: Xiang ZHANG, date of birth - August 1981, nationality - United Kingdom
 
- BINANCE LIMITED (registration number 11838913) - purpose unknown, no connection to Binance.com:
The company's share capital is £100, the company's purpose is not financial advice, employment agency.
Director: Stuart Michael GREHAN, date of birth - May 1986, nationality - UK
Director: Ian James TEAL, date of birth - July 1985, nationality - United Kingdom
 
- BINANCE EUROPE LTD (registration number 12495902) - direct link with Binance.com: 
The company's registered capital is £1 and its purpose is advisory activities.
Director: Joshua Alexander Fernandez GOODBODY, date of birth - August 1988, nationality - United Kingdom (has a number of companies)
 
- Binance Markets Limited (Registration No. 09510915) - direct affiliation with Binance.com:
The company's registered capital is £220,000 and its purpose is financial intermediation.
The company was formerly known as EDDIEUK LTD.
08 June 2020 - Notification of Changpeng Zhao as having substantial control of the company.
Director: Joshua Alexander Fernandez GOODBODY, date of birth - August 1988, nationality - United Kingdom (has a number of companies)
Director: Lynn Torbit MCCONNELL, date of birth - June 1955, nationality - United Kingdom
Director (retired): Nicholas Charles George ANDREWS, date of birth - July 1959, nationality - Great Britain (has a number of companies)
Director (retired): George Edward ATKINS, date of birth - August 1989, nationality - United Kingdom
Director (Retired): Robert James SOWAH, Date of Birth - August 1962, Citizenship - Canada
Director (Retired): Robin James SPRUELL, Date of Birth - September 1986, Citizenship - United Kingdom
 
   
 
 
- SAI BINANCE LIMITED (registration number 11259587) - appointment unknown, no connection with Binance.com:
Director: Amit CHATAN, date of birth - May 1978, citizenship - Israel
Director: Shlomi Shai SOFIR, Date of Birth - September 1982, Citizenship - Israelшаблоны для dle 11.2
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