Regulators In Many Countries Have Launched Intensive Investigations Into Binance

Cryptocurrencies are being hit by more regulations around the world. Starting from June 25th, many countries began to issue warnings to Binance. Let’s see what are the attitudes of those countries.


The Financial Services Agency of Japan issued a warning to Binance Holdings Co., Ltd., stating that Binance provides encryption services without registration.

Cayman Islands

On July 1, according to the announcement on the official website of the Cayman Islands Monetary Authority, Binance Group and Binance Holdings Limited are not registered, licensed, regulated, or otherwise authorized by the Authority to operate a cryptocurrency exchange from or within the Cayman Islands. The Authority reiterated that Binance, Binance Group, and Binance Holdings Limited are not subject to any regulatory supervision by the Authority. The Authority is currently investigating whether Binance, Binance Group, and Binance Holdings Limited or any other companies associated with the group of companies operating in or from the Cayman Islands any activities that may fall under the authority’s supervision.


According to the official news of the British FCA on June 26, the FCA was issuing a warning to Binance Markets Limited and Binance Group that none of the entities under Binance Group holds any form of UK authorization, registration, or license to conducts regulated activities in the UK, and Binance Group seems to provide a series of products and services to British customers through the website The FCA also clarified that its warning does not mean that Binance is “banned” in the UK. What the FCA has done is to prevent Binance Markets Limited from providing regulated activities to UK consumers.


According to news on July 1, Singapore’s financial regulatory agency said that after Binance has been reviewed by regulatory agencies around the world, it will follow up on Binance’s Singapore subsidiaries as required.


On July 2nd, the Securities and Exchange Commission of Thailand announced Friday that it had initiated criminal proceedings against Binance and investigated suspected unlicensed operations in the digital asset business. The authorities stated that Binance provided unauthorized encrypted trading services through its website “matching orders or arranging counterparties, or providing systems or facilitating agreements.” The Securities and Exchange Commission of Thailand stated: “Only providers that are permitted by relevant laws can provide services related to digital asset trading, trading, custody, transfer, withdrawal or any digital asset transaction. Violators may be punished by law.”