Web3 is Going Just Great

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Binance cancels registration in the United Kingdom

Binance's footprint is shrinking even further, as the company has canceled its registration with the United Kingdom's Financial Conduct Authority (FCA). This means that the company will not be able to perform any regulated activities in the country.

Binance had applied for registration after being warned by the FCA in July 2021 to seek registration before launching its business in the region.

Since the beginning of June, Binance has also announced it will exit the Netherlands and Cyprus amid regulatory issues.

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