Bitcoin

Coin

<ul class="news-points"> 
 <li>Binance and Coinbase commence U.K. operations under new crypto regulations.</li> 
 <li>U.K. FCA emphasizes the high-risk nature of crypto investments.</li> 
 <li>FCA cautions against potential losses and lack of protection.</li> 
</ul> 
The largest <a href="https://coinedition.com/tag/binance-news/">crypto exchange, Binance</a>, alongside the leading US-based exchange, <a href="https://coinedition.com/coinbase-ceo-brian-armstrong-addresses-regulatory-concerns-in-crypto/">Coinbase</a>, now operates a trading platform for U.K. residents under the new regulations in the country. 
CryptoBusy, a renowned Bitcoin analyst in the crypto community, first drew the attention of crypto enthusiasts to the development in a recent post on X (formerly Twitter). He highlighted that while Binance and Coinbase offer exchange services to U.K. customers, the Financial Conduct Authority (FCA) categorizes cryptocurrency investments as high-risk due to their potential for substantial losses. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Both <a href="https://twitter.com/hashtag/Binance?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Binance</a> and <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Coinbase</a> are now operating under new UK Crypto rules <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"> "Due to the potential for losses, the Financial Conduct Authority (FCA) considers Crypto investment to be high risk." What are the key risks? 1. You could lose all the money you invest 2. You should… <a href="https://t.co/CJtLVAu2DT" target="_blank" rel="nofollow">pic.twitter.com/CJtLVAu2DT</a>— CryptoBusy (@CryptoBusy) <a href="https://twitter.com/CryptoBusy/status/1711993804029329674?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 11, 2023</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Additionally, the Bitcoin analyst highlighte…
The post <a rel="nofollow" href="https://coinedition.com/crypto-giants-binance-coinbase-now-operate-under-new-uk-regulations/">Crypto Giants Binance, Coinbase Now Operate Under New UK Regulations</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

Crypto Giants Binance, Coinbase Now Operate Under New UK Regulations

Coin Edition

Other articles published on Oct 11, 2023

State regulator joins SEC in lawsuit against Coinbase

Ethereum Price Prediction: Will Ethereum Reach $1,000 Again?

Best Crypto to Buy Now October 11 – Render, Rollbit Coin, eCash

5 Ways Artificial Intelligence Benefits Society

CBN refutes claims, ensures eNaira won’t harm economy

UK parliament calls for NFT copyright protection rights

Join our free newsletter for daily crypto updates!