What specific notice must Binance UK display on its website?

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Binance Markets Limited Must Display a Specific Notice Regarding UK Regulated Activities

Binance Markets Limited, the sole regulated entity of Binance in the UK, is mandated by the Financial Conduct Authority (FCA) to prominently display a notice on its website and social media channels. This notice must clearly state: “BINANCE MARKETS LIMITED IS NOT PERMITTED TO UNDERTAKE ANY REGULATED ACTIVITY IN THE UK”. This directive is part of broader regulatory scrutiny faced by the cryptocurrency exchange globally.
Requirement for a Public Declaration

The FCA has explicitly instructed Binance Markets Ltd to publish a specific declaration. This declaration serves to inform the public that the entity is not authorised to engage in any regulated financial activities within the United Kingdom. This requirement is to be implemented with immediate effect from the date of the FCA's notice, June 25.
Deadline for Compliance

Binance has been given a deadline of June 30 to ensure this mandated notice is visible across its digital platforms, including its official website and all associated social media channels. This move by the FCA signifies an intensification of oversight on cryptocurrency trading platforms operating in the UK.
Preservation of Consumer Records

In addition to displaying the notice, Binance Markets Ltd is also required to secure and preserve all records pertaining to its UK consumers. The exchange must formally inform the FCA that this action has been completed by July 2. The FCA has not provided specific reasons for these stringent measures.

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What specific notice must Binance UK display on its website?

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