Binance is banned from the UK but Britain’s crypto traders can continue to use the exchange

Are you confused? I was also confused , not until I read the full article and understood it. Apparently the headline “UK bans Binance” is just a way to create FUD. FUD always sell the market and of course people are going to make profit from it.

First of all, Binance is a very reputable company that won’t run away with your money.The FCA ban is only applicable to Binance’s English incorporation, Binance Markets Limited which are not registered with the FCA yet. Now this company is different from Binance Group which is the international wider collection of all Binance companies that has no official headquarters.

So Binance Group is the entity providing crypto services to the UK customers not Binance market Limited. Binance market is supposed to have it own local UK version. This version is supposed to be Binance.UK , this version will enable British customers have a virtual bank account.

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