Binance Plans FCA License Application With UK Service Resumption Targeted for 2027

Binance intends to seek FCA authorization under new UK digital asset rules, aiming to restart services for UK residents by 2027 following previous regulatory restrictions.

Woofun AI reports that Binance plans to submit an application for a Financial Conduct Authority license, targeting the resumption of certain services for UK residents by 2027. This move aligns with the implementation of the UK's updated digital assets regulations. The FCA previously barred Binance Markets Limited from conducting regulated activities in June 2021, and Binance halted new user registrations in 2023 due to financial promotion rules. A spokesperson declined to comment on license speculation. Under the framework released in June, applications are open from September until February 28, 2027, with the regime effective October 25, 2027.