Binance Not Licensed to Conduct Regulated Activity in Hong Kong: HK's Securities and Futures Commission
Yuri Molchan
Another country bans Binance from operating in its jurisdiction
News
Fri, 07/16/2021 - 10:49
Cover image via stock.adobe.com
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.
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.
About the author
Yuri Molchan
Yuri is interested in technology and technical innovations. He has been writing about DLT and crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. He 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.