Largest cryptocurrency exchange comes under fire. By Casey Tonkin on Jun 29 2021 09:55 AM Print article Pressure mounts on Binance as it tries to dodge stricter regulation. Image: Shutterstock When the British Financial Conduct Authority (FCA) issued a consumer warning about cryptocurrency exchange Binance on the weekend it caused some confusion. Headlines quickly flew around the world claiming the UK’s financial regulator had ‘banned’ Binance, the world’s largest cryptocurrency exchange. “Binance Markets Limited is not permitted to undertake any regulated activity in the UK,” the FCA said in a consumer warning. “This firm is part of a wider Group (Binance Group). Binance Markets Limited is not currently permitted to undertake any regulated activities without the prior written consent of the FCA.