The U.K.’s Financial Conduct Authority (FCA) has prohibited Binance Markets Limited from undertaking any regulated activity in that country, according to a report.

The company currently isn’t allowed to do those things after a ruling prohibiting such without the written consent of the FCA.

The report notes that no other entity in the Binance Group currently holds any form of U.K. authorization, registration or license to conduct regulated activity.

Binance was reported under investigation by the Department of Justice (DOJ) and the IRS after an attempt by both to put a mostly unregulated market in order, PYMNTS writes.

Binance, likes its overall larger crypto market, has gone without much regulatory oversight for most of…

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