Daily Archives: August 25, 2021, 11:29 am

UK’s FCA says it is ‘not capable’ of supervising crypto exchange Binance | Financial Times

The UK financial regulator has conceded it is “not capable” of properly supervising Binance despite the “significant risk” posed by the cryptocurrency exchange’s products, which allow consumers to take supercharged bets. In a supervisory notice two months after starting a crackdown on the exchange, the Financial Conduct Authority — one of the most influential financial watchdogs in the world —…

Read More