Binance is reportedly preparing to apply for authorization from the UK Financial Conduct Authority as the country introduces a new regulatory regime for crypto companies.
The exchange’s UK arm, Binance Markets Limited, has been barred from conducting regulated activities in Britain since June 2021. Binance also stopped onboarding new UK users in 2023 following tighter FCA financial promotion requirements.
According to The Telegraph, Binance now plans to seek a UK license that could allow it to relaunch certain services for residents once the new framework takes effect.
Under the FCA’s timetable, crypto firms will be able to submit authorization applications from September 2026 through Feb. 28, 2027. The new regulatory regime is scheduled to take effect on Oct. 25, 2027.
The FCA has said crypto companies will be expected to meet standards similar to those imposed on other financial services firms. Binance declined to confirm the reported licensing plan, saying it does not comment on speculation regarding potential applications.
The exchange’s UK arm, Binance Markets Limited, has been barred from conducting regulated activities in Britain since June 2021. Binance also stopped onboarding new UK users in 2023 following tighter FCA financial promotion requirements.
According to The Telegraph, Binance now plans to seek a UK license that could allow it to relaunch certain services for residents once the new framework takes effect.
Under the FCA’s timetable, crypto firms will be able to submit authorization applications from September 2026 through Feb. 28, 2027. The new regulatory regime is scheduled to take effect on Oct. 25, 2027.
The FCA has said crypto companies will be expected to meet standards similar to those imposed on other financial services firms. Binance declined to confirm the reported licensing plan, saying it does not comment on speculation regarding potential applications.