{"id":78583,"date":"2023-05-11T12:08:26","date_gmt":"2023-05-11T09:08:26","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=78583"},"modified":"2025-09-11T06:00:45","modified_gmt":"2025-09-11T03:00:45","slug":"ft-binance-says-it-aims-to-grow-its-business-in-the-united-kingdom","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ft-binance-says-it-aims-to-grow-its-business-in-the-united-kingdom\/","title":{"rendered":"FT: Binance says it aims to grow its business in the United Kingdom"},"content":{"rendered":"

A spokesman for the Bitcoin exchange Binance stated<\/a> that, due to pressure on digital assets from authorities, the company finds it ‘very difficult’ to conduct business in the United States, and therefore hopes to establish relations with UK regulators.<\/p>\n

At a Financial Times conference, the platform’s chief strategy officer Patrick Hillmann noted that the past few years in the United States have been a tangled situation with regard to crypto-market oversight.<\/p>\n

He mentioned recent actions by the U.S. Securities and Exchange Commission (SEC), directed at the competing exchange Coinbase<\/a> in connection with alleged securities-law violations.<\/p>\n

Hillmann added that Binance will do ‘everything possible’ to begin official activity in the United Kingdom, but did not confirm a renewed license application.<\/p>\n

Earlier, the company had already faced problems in the United Kingdom. In July 2021, FCA<\/span> prohibited<\/a> the British subsidiary Binance from carrying out any regulated activity without prior written approval from the regulator.<\/p>\n

\n

\u00abI expect that at some point the United States will want to pivot and catch up with Europe, which has just adopted MiCA<\/span><\/a>. This is a major step forward\u00bb, \u2014 said the exchange’s representative.<\/p>\n<\/blockquote>\n

In December 2021, Binance CEO Changpeng Zhao stated<\/a> that plans to file with the FCA for registration to become a fully ‘regulated firm’. He also did not rule out creating a separate subsidiary modeled on Binance.US.<\/p>\n

On 27 March, the United States Commodity Futures Trading Commission (CFTC) filed a lawsuit<\/a> against the Bitcoin exchange and Zhao, accusing them of unregistered derivatives trading, providing services to American citizens and sanctioned individuals, and failing to comply with anti-money-laundering rules.<\/p>\n

In response, the head of Binance stated<\/a> that the CFTC’s allegations contain ‘a partial account of the facts’, and that his company does not agree with the characterization of many points. Later he condemned<\/a> ‘coercive crypto-regulation’ by regulators.<\/p>\n","protected":false},"excerpt":{"rendered":"

A spokesman for the Bitcoin exchange Binance said that, due to pressure on digital assets from authorities, it is ‘very difficult’ to do business in the United States.<\/p>\n","protected":false},"author":1,"featured_media":78584,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,36,810,26],"class_list":["post-78583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-regulation","tag-united-kingdom","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=78583"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78583\/revisions"}],"predecessor-version":[{"id":78585,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/78583\/revisions\/78585"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/78584"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=78583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=78583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=78583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}