Binance Plans FCA License Application to Resume UK Services in 2027

Binance intends to seek an FCA license to restart regulated UK operations by 2027, following a 2021 ban and new regulatory windows opening in late 2026.

Woofun AI reports that Binance is preparing to submit a license application to the UK's Financial Conduct Authority, with the objective of resuming specific regulated services in the region by 2027. Binance Markets Limited has been prohibited from conducting regulated activities in the UK since June 2021, and the exchange halted new user registrations in 2023 due to financial promotion rules. A Binance representative declined to address rumors concerning potential license submissions.

The FCA's regulatory framework, published in June, allows crypto firms to apply between September 2026 and February 28, 2027, with the new regime effective from October 25, 2027. The FCA's Executive Director for Payments and Digital Finance stated that the framework will enforce "similar standards" on crypto entities as those applied to other UK financial service providers.