‘It’s a massive ask’: is Binance capable of being regulated?

  • May 27, 2023
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Crypto exchange says it will do everything possible to change UK watchdog’s mind but opacity remains an issue for US as well

In 2021, the Financial Conduct Authority was adamant: Binance is not capable of being regulated in the UK.

Executives at the world’s largest cryptocurrency exchange are not taking no for an answer. This month, Binance vowed to do “everything” it possibly could to change the City regulator’s mind, against a backdrop of deepening scepticism about digital assets.

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