Bitcoin: The United Kingdom prohibits Binance, the largest exchange platform, from operating

After losing practically half of its value in two months, Bitcoin has come back in the last 24 hours and recovered part of its price, despite the fact that the future of the star cryptocurrency and its 'younger sisters' continues to be problematic. After the latest scams detected, now the FCE, the financial regulator of Great Britain, has prohibited Binance, one of the largest cryptocurrency operators in the world, from carrying out any activity subject to regulation in the United Kingdom.

Binance is a platform that allows the sale and exchange of cryptocurrencies. Last year he bought a company to offer cryptocurrencies in pounds and euros. However, that company was subject to regulation in the United Kingdom, and now the FCA has warned that from June 30 it will not be able to operate, unless it is granted written permission.

The FCA required from this year that all cryptocurrency companies must submit to the British regulations against money laundering. Only five have done so. Recently the United Kingdom seized more than 100 million euros in cryptocurrencies for this cause.

The United Kingdom is not the only country where Binance has problems, at least theoretically. Japan recently announced that cryptocurrency platform operations are illegal in the country, so its investors have no protection. Germany also has objections to its operations and the United States investigates its environment about money laundering. In return, El Salvador has converted it into legal tender.