Is Binance regulated?
No, Binance is not regulated, but it has licenses to operate in some jurisdictions. Still, the Bitcoin exchange has come under intense scrutiny as it operates in many regions without the required clearance. Regulators in Italy, Malaysia, Singapore, Japan, and Germany have warned the financial services provider to cease operations. In some of its biggest markets, like the US and the UK, Binance has begun working with regulators to run a more compliant operation.
Can I use Binance in the UK? Is Binance legal in the UK? 🇬🇧
Although running afoul of the Financial Conduct Authority (FCA) regulations, Binance still operates crypto trading services in the United Kingdom. However, Binance cannot offer crypto derivatives services that fall under the scope of the FCA jurisdictions, and the regulator ordered them to add a notice on its website saying it’s not authorized to operate in the UK. To fend off the assault in Europe, Binance is working on a Binance UK subsidiary, an FCA-regulated entity, to serve the UK and the broader EU market.
Can I use Binance in Europe? 🇪🇺
Yes. Binance offers crypto trading services in several European countries, including Germany, Liechtenstein, Spain, Slovenia, etc. Users from the EEA can even benefit from a Binance Visa Card.
What are the other top cryptocurrency apps out there?
Other top crypto apps available in the market are Coinbase, eToro, Interactive Brokers, Plus500 (Crypto CFDs), and Kraken.
Does Binance work in Singapore? 🇸🇬
No, Binancedoesn’t operate in Singapore.
Does Binance work in Indonesia? 🇮🇩
Yes, Binance supports crypto trading in Indonesia.
Does Binance work in Argentina? 🇦🇷
Yes, the cryptocurrency exchange platform is available in the Latin American country Argentina.
Does Binance work in Australia? 🇦🇺
Yes. Binance operates in Australia. The exchange is registered as InvestbyBit Pty Ltd with the Australian Transaction Reports and Analysis Centre (AUSTRAC).
