Binance has been told by the UK's Financial Conduct Authority (FCA) to cease all regulated operations in the country. The company can no longer perform any regulated services without the FCA's previous written approval. No entity in the Binance Group is authorised, registered, or licenced to conduct regulated business in the United Kingdom. BaFin, Germany's monetary authority, has also issued warnings to the site for selling virtual tokens without a prospectus to investors.