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Binance ‘Not Capable’ of Supervision in U.K., Regulators Say

  • Crypto trading firm didn’t give details of business, FCA says
  • Watchdog issued supervisory notice to U.K. operations in June
Photographer: Tiffany Hagler-Geard/Bloomberg

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Britain’s market regulator said it was “not capable” of supervising Binance Holdings Ltd.’s operations in the U.K., leading the authority to crack down on the cryptocurrency trading firm.