Binance is facing new regulatory challenges in both the United Kingdom and Australia.
In the UK, the Financial Conduct Authority (FCA) has issued a warning against Binance, stating that the exchange does not have the necessary approvals to operate legally in the country.
Meanwhile, in Australia, regulators have been investigating Binance’s compliance with local financial laws, particularly in relation to its derivatives trading offerings.
These regulatory issues add to the growing pressure Binance has faced globally, with authorities in multiple jurisdictions scrutinizing the platform’s operations.
Despite this, Binance continues to maintain its dominance in the crypto exchange space, but regulatory uncertainty could affect its ability to serve customers in key markets.