Didn't Binance have their UK operations curtailed some time ago? <a href="https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group" rel="nofollow">https://www.fca.org.uk/news/news-stories/consumer-warning-bi...</a><p>> Binance Markets Limited is not permitted to undertake any regulated activity in the UK.<p>Year: 2021
People outside the UK: Binance broke UK law by selling OTC crypto derivatives after they were made illegal.<p>This is why British people see all those “did you use Binance product X after Y date?” ads online. There's a bunch of people taking legal action against Binance UK.
Funny how Kraken/Nexo/Coinbase etc can still manage to maintain sterling deposits and comply with the regulators. I like Binance, but they dropped the ball in the UK market.
Binance have always been shady as fuck. So this doesn't surprise me. I withdrew what little I had deposited there a couple of years back, ater they started their AML/KYC bullshit, to do practically <i>anything</i> on their site.
Anyone who loses substantial money via crypto exchange collapse really has no one to blame but themselves.<p>The string of collapses until now have been warning enough.<p>No crying if you lose your money when the next one goes pop.
Cryptocurrency is just an attempt by fraudsters to repeat all of the previous scams on a brand new banking system. It turns out there’s actually a reason we have so many laws.