The Financial Conduct Authority (FCA) of the United Kingdom has revoked the authorization of Binance's local unit to offer regulated services in the country.
The BRC-20 standard may sound similar to the widely known ERC-20, but they have notable differences, as BRC-20 lacks the capability to engage with smart contracts.
This submission is a proactive step taken by the cryptocurrency exchange to assert that the SEC's strategy fails to offer adequate regulatory direction for American crypto companies.
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