Cryptocurrency
Cryptocurrency
Out of context: Reply #197
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- grafician-5
"UK financial watchdog bans crypto exchange Binance"
- "from offering certain services"fadein11
- like tradinggrafician
- Ontario, CA banned them too, Japan gave them a notice or something...
The house of cards is starting to shakegrafician - @graf, wrong - "Trading cryptocurrencies is not directly regulated in the UK, but other related activities — such as selling derivatives — do require approval."fadein11
- would be kool just to see the whole thing crumbling ...neverscared
- @fade are you joking? This refers only to Binance in this case, not other regulated brokers offering crypto tradinggrafician
- Binance hasn't been banned from trading crypto. It says it all in your link.fadein11
- @fade uhm, right, how about now: https://www.theblock…grafician
- People keep reading the wrong articlesGnash
- lol, are you reading anything, "regulated activities". Crypto trading isn't regulated in the UK yet. This is all about derivatives which are regulated.fadein11
- If what you believe is true the same would apply to Coinbase, but it doesn't because Coinbase don't offer regulated services like Binance.fadein11
- are you playing stupid or?grafician
- No, you aren't reading what you post, read again, slowly this time. The clickbait headline was misleading and clearly worked.fadein11
- also coinbase is regulated in the US and offers KYC while Binance is not (that subsidiary in the US is useless, just like this UK one now)grafician
- regulation is coming for sure and rightly so, but this isn't what you think it is.fadein11
- Binance hasn't been banned from trading crypto currency in the UK, it's all explained in your links.fadein11
- So you don't understand English but you're in the UK. Great.grafician
- so they can't do options, futures etc and also they can't do unregulated spot trading. what exactly are they useful for then?
smhgrafician - Also overall no, crypto won't survive regulation when the entire market is a scam.
And giving Coinbase as an example is dumb af when their shares are downgrafician - if you use Binance you can still buy and sell crypto. it's not a ban on trading crypto it's a ban on other regulated services.fadein11
- and they are issuing USDC and not having been properly audited in monthsgrafician
- Do you want me to pull out more quotes for you?fadein11
- also how exactly would you regulate Binance when they don't even have a proper HQ, they're an actual shell company, not even registered in some fiscal paradisegrafician
- I was just commenting on your misleading headline and link you didn't read or understand.fadein11
- so fadein11 start fucking reading articles and not comment nonsense lol
smhgrafician - Eh? That's exactly what is happening here. Some of the services they offer are regulated in the UK. I'm not arguing in favour of crypto, you just haven'tfadein11
- bothered to read it properly.fadein11
- I mean you can resort to insults if it helps with your lack of understanding of a very basic article.fadein11
- I gave you another article in the comments with more clear answers, yet you still don't get it, oh well
go ahead "buy and sell" on binance from the UKgrafician - I responded to that article, which said exactly the same as the first one. Some Binance services fall under UK regulation. Trading does not.fadein11
- It's okay to be wrong sometimes.fadein11
- again, it says in all the articles about this that also unregulated activities like spot trading (buy-sell) is banned, in the UK, sure, not internationallygrafician
- that is exactly what "banned in the UK" means, like I can still trade in the EU but you don't in the UK, clear for you now? damngrafician
- so legally you can't use Binance in the UK, if you risk it using the "international" version go ahead, but the articles are 100% right and you're wasting timegrafician
- https://www.bloomber…fadein11
- https://decrypt.co/7…grafician
- so if you're in the markets without understanding how these things work is worrisome...grafician
- you can use Binance in the UK, they just can't set up their new UK division until approved.fadein11
- prices are up on the news anyway.fadein11
- your link, there's even a bullet point for you at the top:
https://decrypt.co/7…fadein11 - mate, you seem tick - the idea was that you can't speculate anymore with Binance, just buy and hold or sell, that can be done with other brokersgrafician
- here, BBC makes it even more clear for you: https://www.bbc.com/…grafician
- so yeah, this might not affect the "international" Binance website, but this means you can't legally use Binance in the UK nowgrafician
- thanks, it took a while but you have just confirmed exactly what I said from the start. You can still buy and sell crypto on Binance.fadein11
- from your latest link:
"This means that people in the UK are not allowed to use Binance's services to speculate, or bet or bet, on whether the price of a...fadein11 - ...currency like Bitcoin goes up or down.
However, they are still allowed to use the website to purchase and sell crypto-currencies, which is not regulated"fadein11 - both links confirm exactly what I said from the start.fadein11
- uhm but that was literally NOT the point, the point was Binance is not regulated in the UK and remains unregulated worldwidegrafician
- for futures, options, trading cpds and stuff, the juicy stuff...buying and holding is for grandmasgrafician
- lol and that's exactly what I said... jesus, give up now.fadein11
- my first comment said that. then you said you could buy and sell crypto on Binance which is completely wrong. But seriously I'm bored now.fadein11
- *couldn'tfadein11
- you said you can buy and sell/hold, I said trading is over and I was right, go home you're drunkgrafician
- "if you use Binance you can still buy and sell crypto. it's not a ban on trading crypto it's a ban on other regulated services.
fadein11"grafician - graf doesn't give up, even if he's flat out wrong out of the gate and you show him how wrong over a dozen notes, he still won't shut the fuck upmonospaced
- fadein11 is right, obvioslymonospaced
- lol, the morons still at it. 2 links HE shared both disprove his drivel and he still rants on...fadein11
- The point was that Binance is banned from the UK, not that the UK is banning trading crypto overall, how is that hard to comprehend?! And how was I wrong?grafician
- read from the top, slowly, you stated numerous times Binance was banned in the UK. it isn't, the UK division they planned to open hasn't been given approval. Itfadein11
- never existed. Binance withdrew their application. It's a nuffink burger. Everyone uses the Binance app. Do you only use local websites in Romania or something?fadein11
- All your links clearly state buying and selling crypto via Binance isn't affected. Yet you still argue. It's quite funny now. But also boring. it's okay to befadein11
- wrong sometimes.fadein11
- https://www.fca.org.…grafician
- so the entire group is banned, how exactly am I wrong again?grafician
- sure, you can still access it, UK is not China to have it banned with the great firewall, but legally you can't use it, so I was rightgrafician
- the entire group isn't banned read the first paragraph, the UK division is banned because they withdrew their application. How many more times you tool. It's okfadein11
- to be wrong (again).fadein11
- I admire your conviction in failing to disprove you are wrong though. It's impressive.fadein11
- "Binance Markets Limited is not permitted to undertake any regulated activity in the UK. This firm is part of a wider Group (Binance Group)."fadein11
- Binance Markets Limited isn't "the entire group". it's all there in the first paragraph, read again.fadein11
- Not to mention "regulated activity" which isn't buying, selling and holding crypto lol. Regulated activity are derivatives. Which is totally the right thing forfadein11
- the FCA to do.fadein11