• Advertise
  • Opinion
  • Features & Interviews
  • Investigation
  • Contact
Thursday, July 7, 2022
  • Login
No Result
View All Result
NEWSLETTER
The Lagos Today
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    Big Brother Naija  Season 7 Premieres July 23 ..   As Winner Gets N100M Prize Money,

    Big Brother Naija Season 7 Premieres July 23 .. As Winner Gets N100M Prize Money,

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    CAF to launch $200 million African Super League in August 2023

    CAF to launch $200 million African Super League in August 2023

    Sanwo-Olu Grants Funke Akindele, Husband, 56 Others State Pardon

    Marriage Collapse: Funke Akindele Allegedly Chased Husband Away Because Of Infidelity

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    2020 AFRIMA Postponed Till Next Year Over Covid-19

    AFRIMA 2022: Entry Submission Portal Closes on August 5

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel : A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel : A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
  • Home
  • News
    • Lagos News
    • National News
    • World News
  • Entertainment⚡ by CRAWL
    • All
    • Art & Design
    • Books
    • Movie
    • Music
    • Sports
    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    TRACE Naija Unveils Live Performance Act By Veteran Nigerian Music Pop Duo- P-Square

    Big Brother Naija  Season 7 Premieres July 23 ..   As Winner Gets N100M Prize Money,

    Big Brother Naija Season 7 Premieres July 23 .. As Winner Gets N100M Prize Money,

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    CAF to launch $200 million African Super League in August 2023

    CAF to launch $200 million African Super League in August 2023

    Sanwo-Olu Grants Funke Akindele, Husband, 56 Others State Pardon

    Marriage Collapse: Funke Akindele Allegedly Chased Husband Away Because Of Infidelity

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    Funke Akindele’s Marriage Crumbles Again As Hubby Confirms Seperation Rumours

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    WizKid, Tems Award Winning ‘Essence’ raking in over $1m in Estimated Streaming Revenues

    2020 AFRIMA Postponed Till Next Year Over Covid-19

    AFRIMA 2022: Entry Submission Portal Closes on August 5

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    Club Shooting: Burna Boy’s Police Escorts Say Bullets Fired Not from Their Guns

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

    AFRIMA Meets ECCAS, UNESCO in Gabon, Discusses Plans to Stimulate Africa’s Creative Economy

  • Opinion
  • Business
  • Features & Interviews
  • Best Of Lagos
    Lagos welcomes The Art hotel : A flamboyant 5 star Business Boutique Hotel

    Lagos welcomes The Art hotel : A flamboyant 5 star Business Boutique Hotel

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA ANNOUNCES NEW MEMBER, AFFINITY ART GALLERY

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    THE LUXURY NETWORK NIGERIA HOSTS MEMBERS’ NETWORKING FORUM

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Exploring Lagos’ Gastronomy With Chef Priyank Singh of Hard Rock Cafe

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    Olu Oyinsan- Saying Yes To Founders At The Early Stage

    A Rare Hobby: Sports Fishing In Lagos

    A Rare Hobby: Sports Fishing In Lagos

    Chef Nkesi- Experiencing Different Cultures Through Food

    Chef Nkesi- Experiencing Different Cultures Through Food

    Wumi Jubril: Creating Memorable Experiences

    Wumi Jubril: Creating Memorable Experiences

    Nordic hotel

    Nordic Hotel Makes Grand Debut in Lagos

  • Things To Do
No Result
View All Result
The Lagos Today
No Result
View All Result
Home Crypto news

Binance To Relaunch in UK In 2022

by Chinonso Ihekire
December 6, 2021
in Crypto news
2 min read
0
0
Binance To Relaunch in UK In 2022
Share on FacebookShare on Twitter

Binance CEO Changpeng Zhao is beefing up compliance-related positions and is seeking a license to be an official crypto-asset exchange in the U.K.

Binance CEO Changpeng Zhao has made it clear that the crypto exchange is working on building its U.K. division, following an order issued in June 2021 by the Financial Conduct Authority to cease advertising.

Binance Markets Limited is a London-based firm that was hoping to become a separate entity to serve the U.K. market, much like Binance.US, but the FCA prevented this from happening. U.K. customers were still able to access services through the Binance.com domain, even though it was banned from operating an exchange there due to the regulatory crackdown.

The CEO mentioned that relations with the FCA have markedly improved since then and that they are on talking terms. He said they had hired many compliance officers (including former FCA employees) to undergird an application for a license to the Financial Conduct Authority. One of the main issues that the U.K. regulator had with the exchange was opacity regarding its domicile and corporate structure.

It’s now putting up brick-and-mortar offices (including one in the U.K.) and setting up legal entities. Binance is looking to have its business officially up and running in the U.K in six months to a year, with anti-money laundering and anti-terrorism financing compliance in place, enabling it to run as a fully registered crypto-asset firm. The company even hopes to offer futures and derivatives trading.

Zhao has been on a PR campaign in recent weeks, conducting interviews with Bloomberg, CNBC, and the Associated Press, among others. Binance is examining 3-5 locations for major regional headquarters as the company looks to transition from a decentralized technology company to become a financial services company.

It started this process approximately five to six months ago. Zhao believes that because regulatory authorities do not know how to oversee decentralized organizations, it makes more sense to play along and welcome regulation, even recently releasing a “crypto bill of rights.”

Binance has faced heat from several countries’ regulators earlier this year, including South Africa, Singapore, Australia,  and Brazil.

Follow us on social media
  • Facebook
  • Twitter
  • Instagram

Share this:

  • Twitter
  • Facebook

Like this:

Like Loading...
Tags: BinanceCryptocurrencyUK
Previous Post

Aung San Suu Kyi: Myanmar court sentences ousted leader to four years jail

Next Post

Covid-19: Lagos records 113 new cases, zero fatality

Chinonso Ihekire

Chinonso Ihekire

Related Posts

After 10 Years, Satoshi-Era Wallet Cashes $25.7m Worth of Bitcoin

Why Cryptos are not Allowed in Financial Transactions – CBN

by Segun Adewunmi
June 14, 2022
0

The Central Bank of Nigeria (CBN) has cited reasons why it has not allowed cryptocurrency in the country’s financial system....

After 10 Years, Satoshi-Era Wallet Cashes $25.7m Worth of Bitcoin

33.4 Million Nigerians Trade Crypto Despite CBN Ban – Report

by Segun Adewunmi
April 18, 2022
0

About 33.4 million Nigerians now trade or own crypto assets despite the Central Bank of Nigeria’s restriction on cryptocurrency-related transactions...

Next Post
FG Says UK Covid-19 Strain Now In Nigeria

Covid-19: Lagos records 113 new cases, zero fatality

Please login to join discussion

Recommended

Stakeholders Engage Issue of Falling Containers In Lagos

NPA Set To Nullify Systemic Corruption At Ports

1 month ago
LASG Adjusts Traffic Diversion On Third Mainland Bridge

FG To Shut Third Mainland Bridge From Friday Till February 1

1 year ago

Popular News

    Newsletter

    Connect with us

    Tags

    #EndSARS #EndSARS Protests 2023 Elections 2023 polls 2023 Presidency ACCIDENT All progressives Congress APC Babajide Sanwo-Olu Bitcoin CBN Central Bank of NIgeria China Coronavirus pandemic Covid-19 Covid-19 in Lagos Covid-19 in Nigeria Covid-19 Vaccine Covid-19 Worldwide Cryptocurrency Donald Trump Dubai EFCC Federal Government Federal Government of Nigeria Fraud Gov. Sanwo-Olu Insecurity Lagos state Lagos State Government Lagos State House of Assembly Lagos State Police command LASEMA Latest jobs in lagos Lekki Tollgate Shooting Muhammadu Buhari Murder NDLEA Nigeria Rape Russia Strike action UK United states US

    News

    • Business
    • National
    • Politics
    • Tech

    Opinion

    • Editorials
    • Today’s Opinion
    • Letters
    • Sunday Review
    • Advertise
    • Opinion
    • Features & Interviews
    • Investigation
    • Contact

    © 2020 The Lagos Today - Nkali.

    No Result
    View All Result
    • Home
    • News
      • Lagos News
      • National News
      • World News
    • Entertainment
    • Opinion
    • Business
    • Features & Interviews
    • Best Of Lagos
    • Things To Do

    © 2020 The Lagos Today - Nkali.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms bellow to register

    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    %d bloggers like this: