UK FCA bans Binance Cryptocurrency exchange app
5 years ago(FILES) This file photograph taken on January 8, 2021, shows a Bitcoin digital currency logo on the front door of an ATM in Marseille, southern France. - Bitcoin's value plunged on May 19, 2021, after China signaled a new crackdown on the cryptocurrency, but its losses were cushioned after Tesla head Elon Musk spoke up on Twitter. The virtual currency fell to almost $30,000 -- less than half the record value it reached last month -- before climbing back over $39,500 around 2000 GMT. It was still above its level at the start of the year. Bitcoin recovered somewhat following tweets from Musk that featured a diamond and hands emoji, taken as a signal the company had not sold off its huge bitcoin holdings as the CEO appeared to suggest recently. (Photo by NICOLAS TUCAT / AFP)
Britain's financial regulator has said Binance, one of the world's largest cryptocurrency exchanges, can no longer carry out any regulated operations in the country. "Due to the imposition of…