Saturday, July 31, 2021
Home Crypto News Market Italy Becomes The 7th Country To Issue A Regulatory Alert Against Binance

Italy Becomes The 7th Country To Issue A Regulatory Alert Against Binance

- Advertisement -

According to the market watchdog of Italy, Binance cannot operate in Italy. This is part of a string of global regulations against top cryptocurrency exchange.


Italy is now part of the simultaneous global crackdown on the cryptocurrency exchange Binance. In recent weeks, Binance has been on the radar of Canada, Japan and the United Kingdom as well as Thailand, Poland, and most recently Malta.

Binance is the most popular cryptocurrency exchange by trading volume, website visitors and customer base. It provides crypto services to millions worldwide. It is however being hampered by seven regulatory warnings from seven countries.

The FSA of Japan was the first to issue a compliance notice against the world’s largest exchange. It was followed by Canada, Singapore, Thailand, the United Kingdom and Canada. UK FCA has advised investors and companies not to use Binance because it is illegal in the country. The Thai SEC opened a contempt case against Binance for operating without a license.



Binance’s regulatory crackdown comes at an important time as cryptocurrency popularity has grown and regulators have become more urgent to crack down on crypto related business. Regulations Compatible crypto exchanges joined the party after their slow start. With regulatory approval, Binance’s rival Coinbase opened new markets in Japan and Germany, while FTX became the third-largest spot exchange.

- Advertisement -
Mark Brennanhttps://thecryptobasic.com/
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

Cardano Founder, Charles Hoskinson “Users Can Run Smart Contracts The Moment Hard Fork Comes On.”

Cardano (ADA) founder Charles Hoskinson in his latest live stream update on YouTube confirmed that “we are on schedule things are moving along, chugging...

Microstrategy CEO, Michael Saylor Defends $2.2 Billion Debt-Financed Bitcoin Buys

In a recent interview with CNBC MicroStrategy CEO, Michael Saylor defends $2.2 billion debt-financed bitcoin buys. window.coinzilla_display...

Cardano Price Prediction: Cardano Awaits A Range Breakout For 40% Upswing

Cardano anticipates a breakout from a range of two key moving averages (50 SMA and 100SMA) in the 12-hour chart. Bullish RSI is giving...

Binance Stops Crypto Futures Trading Services Across European Countries

Binance Exchange will stop offering Futures and Derivatives trading products for all European users. window.coinzilla_display = window.coinzilla_display...

Michael Saylor “Bitcoin Is Digital Real Estate And Is Now Held By More Than 114 Million People, Making It The Most Widely Held Financial...

Microstrategy CEO Michael Saylor always shows that he is a faithful supporter of Bitcoin. Microstrategy currently holds 105,085 BTC. Michael Saylor is among the...

Bitpay Adds Support For Litecoin And Newegg Becomes The First Merchant To Accept LTC Through Bitpay

BitPay, the world’s largest provider of Bitcoin and cryptocurrency payment services, today announced support for Litecoin in the BitPay Wallet app. Consumers can buy, store and...

Yoroi Wallet To Release Dapp Connector That Will Allow Interactions Between Users And Dapps On Cardano Blockchain

Cardano (ADA) smart contracts are coming soon and so is its infrastructure advancing. window.coinzilla_display = window.coinzilla_display ||...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.

follow us in feedly