Written by Turner Wrightstaff writerReviewed by Sam Bourgistaff writer

Written by Turner Wrightstaff writer

Reviewed by Sam Bourgistaff writer

Binance to plan UK relaunch with FCA license application: Report

Latest NewsPublishedAug 17, 2026

Binance’s UK arm has been barred from offering regulated activities in the country since June 2021, but the company will reportedly move to secure licensing under new crypto rules.

Cryptocurrency exchange Binance is reportedly planning to apply for a license with the UK’s Financial Conduct Authority (FCA) in a move expected to relaunch certain services for residents in 2027. 

as reported by a Saturday report from The Telegraph, Binance will apply for the UK license as new digital asset laws are set to take effect in the country. The FCA stated in June 2021 that Binance’s UK arm, Binance Markets Limited, was “not permitted to undertake any regulated activity in the UK,” and the exchange revealed in 2023 that it would halt onboarding of new users in response to the UK watchdog’s rules on financial promotions.

A Binance spokesperson told Cointelegraph that the exchange “does not comment on speculation surrounding potential licence applications.” The company did not respond to questions on its existing operations in the UK.

Under the FCA’s crypto regulatory framework, revealed in June, companies will have from September until Feb. 28, 2027, to submit applications before the regime goes live on Oct. 25, 2027. David Geale, executive director of payments and digital finance at the FCA, stated the framework would hold crypto companies to “similar standards” as other UK financial service providers.

Related: Binance to restrict transactions involving HTX, 10 other crypto platforms

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

• Binance
• UK Government
• United Kingdom
• Cryptocurrency Exchange
• Regulation

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