Hong Kong and Lithuania remind Binance to license company

by in Cryptocurrency News

Binance

Crypto company Binance continues to face claims from regulators around the world.

This week, Hong Kong and Lithuania urged exchange management to register with local jurisdictions to be eligible to work with crypto traders. Otherwise, the company will face problems.

The Hong Kong regulator reminded the Binance administration that the marketplace serves investors without a license. The Bank of Lithuania published a similar statement and urged the company to register and receive a document to work in the territory of this Baltic country.

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The Hong Kong Securities and Futures Commission (SFC) said in a statement last Friday that cryptocurrency exchanges should be regulated. The agency fears that Binance tokens will become available to local investors.

We will remind, earlier it became known that several large British banks, including Barclays and Santander, prohibited their clients from using accounts to buy digital currencies on the Binance platform.

The administration of the exchange expressed regret in connection with such a decision of the financial institutions of the kingdom.