Main navigation

Binance Not Licensed to Conduct Regulated Activity in Hong Kong: HK's Securities and Futures Commission

News
Fri, 07/16/2021 - 10:49
article image
Yuri Molchan
Another country bans Binance from operating in its jurisdiction
Binance Not Licensed to Conduct Regulated Activity in Hong Kong: HK's Securities and Futures Commission
Cover image via stock.adobe.com
Read U.TODAY on
Google News

According to data provided by the Bloomberg Terminal, Hong Kong is the most recent country to ban the Binance crypto trading behemoth from performing regulated activities.

Related
Binance Stops Selling Stock Tokens Over Regulatory Issues in Germany: Insider Colin Wu

The statement comes from the Hong Kong Securities and Futures Commission.

Earlier, U.Today reported that the U.K., Malta and Italy had prohibited the crypto exchange from providing services to their citizens. Besides, large U.K. banks have ceased cooperating with Binance.

According to insider Colin Wu, Binance will now stop offering stock token trade due to issues with the German regulator as well.

article image
About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.