Binance ban UK: Can you still use Binance in the UK? 'This feels like a long time coming'

The exchange, which allows customers to buy bitcoin and other tokens, is based in the Cayman Islands.

So in essence, UK customers should still be able to use the website to make their cryptocurrencies.

In a series of tweets published on June 27, the company said: "We are aware of recent reports about an FCA UK notice in relation to Binance Markets Limited (BML).

"BML is a separate legal entity and does not offer any products or services via the website.

"The Binance Group acquired BML May 2020 and has not yet launched its UK business or used its FCA regulatory permissions."

The company went on to say it takes a collaborative approach with regulators and takes compliance obligations "very seriously".

Binance also stressed: "Our relationship with our users has not changed."

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