Binance has now received regulatory warnings from a total of six countries. Six nations have rejected Binance: Japan, the United Kingdom, Canada, Singapore, the Cayman Islands, and Thailand. Thailand has joined the anti-Binance club after the SEC initiated a criminal inquiry into Binance's parent business. In the year 2021, Singapore became the next Asian country to join the 'block' network. Binance has been ordered to suspend all trading and exchange activity on its platform in the UK.