Cryptocurrency, Binance, Banned In The UK.

There's been a huge crackdown on the industry in several countries.

The cryptocurrency exchange Binance has been banned from the UK.

The Financial Conduct Authority there says it's not permitted to undertake any regulated activity here.

There's been a huge crackdown on the industry in several countries.

That's largely due to concerns about insufficient customer protection and its potential role in money laundering and fraud.

Binance was banned by the U.K.’s financial watchdog from doing any regulated business in the country, one of the most significant moves to date by a regulator amid a global crackdown in the #crypto industry https://t.co/VOluUFY3vC

— Bloomberg (@business) June 28, 2021