06-27-2021, 10:52 PM
Binance UK FUD - Let’s End This Here
<!-- SC_OFF --><div class="md"><p>There are lots of posts, threads and comments about Binance.com getting banned in the UK and many are worried that all your crypto assets will get lost/stolen, after seeing mainstream media post hundreds of articles about the ban.</p> <p>Let’s clear this up.</p> <p>Binance.com is not going anywhere for UK users.</p> <p>The FCA notice means that Binance must stop offering regulated products to users in the Uk. Examples are like futures, options or leveraged trading.</p> <p>It does not mean your crypto assets. The FCA clearly indicates it does not regulate crypto. Therefore, your crypto assets on Binance do not come under the so called ‘Ban’.</p> <p>All it means is that Binance Markets Ltd (the UK company set up by Binance) and Binance.UK is banned in a few days if it carries on to promote regulated products to Uk users. And NOT Binance.com</p> <p>To give you an example, I could create a regulated ltd company in the UK within a day, and the FCA could ban it.BUT this would not apply to any non regulated activity I run.</p> <p>So to those who are panicking, your crypto is safe (as safe as it can be on an exchange). </p> <p>You can still buy, trade and exchange your coins on Binance.com. </p> <p>If your still worried, move everything to a hardware wallet. Your keys, your crypto.</p> <p>Keep expecting this kind of negative sentiment to keep coming out in the days, months, years and decades to come for crypto.</p> <p>Please read the links. It’s clear as day.</p> <p><a href="https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group">https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group</a></p> <p><a href="https://www.bloomberg.com/news/articles/2021-06-27/u-k-financial-regulator-bars-crypto-exchange-binance">https://www.bloomberg.com/news/articles/2021-06-27/u-k-financial-regulator-bars-crypto-exchange-binance</a></p> <p><a href="https://twitter.com/binance/status/1409229415846981634">https://twitter.com/binance/status/1409229415846981634</a></p> <p>Don’t get fooled by the FUD.</p> <p>Edit 1: Thank You for the award. Very kind of you.</p> <p>Edit 2: Binance just clarified what I’m saying above
See link above!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/delvo14827"> /u/delvo14827 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o90zio/binance_uk_fud_lets_end_this_here/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o90zio/binance_uk_fud_lets_end_this_here/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>There are lots of posts, threads and comments about Binance.com getting banned in the UK and many are worried that all your crypto assets will get lost/stolen, after seeing mainstream media post hundreds of articles about the ban.</p> <p>Let’s clear this up.</p> <p>Binance.com is not going anywhere for UK users.</p> <p>The FCA notice means that Binance must stop offering regulated products to users in the Uk. Examples are like futures, options or leveraged trading.</p> <p>It does not mean your crypto assets. The FCA clearly indicates it does not regulate crypto. Therefore, your crypto assets on Binance do not come under the so called ‘Ban’.</p> <p>All it means is that Binance Markets Ltd (the UK company set up by Binance) and Binance.UK is banned in a few days if it carries on to promote regulated products to Uk users. And NOT Binance.com</p> <p>To give you an example, I could create a regulated ltd company in the UK within a day, and the FCA could ban it.BUT this would not apply to any non regulated activity I run.</p> <p>So to those who are panicking, your crypto is safe (as safe as it can be on an exchange). </p> <p>You can still buy, trade and exchange your coins on Binance.com. </p> <p>If your still worried, move everything to a hardware wallet. Your keys, your crypto.</p> <p>Keep expecting this kind of negative sentiment to keep coming out in the days, months, years and decades to come for crypto.</p> <p>Please read the links. It’s clear as day.</p> <p><a href="https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group">https://www.fca.org.uk/news/news-stories/consumer-warning-binance-markets-limited-and-binance-group</a></p> <p><a href="https://www.bloomberg.com/news/articles/2021-06-27/u-k-financial-regulator-bars-crypto-exchange-binance">https://www.bloomberg.com/news/articles/2021-06-27/u-k-financial-regulator-bars-crypto-exchange-binance</a></p> <p><a href="https://twitter.com/binance/status/1409229415846981634">https://twitter.com/binance/status/1409229415846981634</a></p> <p>Don’t get fooled by the FUD.</p> <p>Edit 1: Thank You for the award. Very kind of you.</p> <p>Edit 2: Binance just clarified what I’m saying above
See link above!</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/delvo14827"> /u/delvo14827 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o90zio/binance_uk_fud_lets_end_this_here/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/o90zio/binance_uk_fud_lets_end_this_here/">[comments]</a></span>Kind Regards R