Britain’s financial watchdog has banned leading crypto exchange Binance from operating in the country without its express approval. This has resulted in over 60 crypto companies withdrawing their applications to do business in the country.
In Japan, the Financial Services Agency (FSA) has threatened Binance with criminal charges if it continues to do business without a license. While the island nation only issued a warning, the Thailand Securities and Exchange Commission (SEC) went through with it. A criminal complaint was filed on Friday.
Meanwhile, in Canada, Binanace chose to shut shop on its own after the Ontario Securities Commission (OSC) accused it and several other trading platforms of failing to comply with local regulations.