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Crypto, Financial Crime

UK’s Financial Conduct Authority reportedly ‘concerned’ regarding Binance’s UK access deal but watchdog admits it has ‘limited powers’ to object to arrangement

By Elizabeth Hearst for AMLi

The UK’s Financial Conduct Authority is reportedly “concerned” over a deal giving Binance access to a large UK payments network. 

Under-fire crypto exchange Binance has recently announced users could “now deposit [sterling]… via [the] Faster Payment Service” following an agreement with payments group Paysafe. 

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