LONDON (CU)_Amid growing interest in cryptocurrencies across the globe, many governments have begun clamping down on the industry, particularly on account of money laundering concerns. For instance, China has already ordered digital currency miners in a number of regions to cease operations. On the other hand, the Financial Services Agency of Japan last week warned Binance, world’s largest crypto exchange by trading volumes, over its operations in the country without regulatory permission.It is not just the regulators of Japan who appear to be unhappy with Binance’s conduct. The crypto exchange platform has already decided to exit the Canadian province of Ontario as of midnight Saturday (3 July), following a crackdown by securities regulators in the country on fraudulent cryptocurrency-related investment schemes.
Now, Britain’s Financial Conduct Authority (FCA) has banned…
