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 require approval. The move against Binance is the latest in a series of crackdowns by regulators around the world that have rattled crypto investors and caused prices to decline. The Financial Conduct Authority ordered Binance Markets Limited to retain records related to UK customers. The company has until Wednesday to display a notice on its website that reads: "Binance Markets Limited is not permitted to undertake any regulated activity in the UK." The statement from the regulator also included a warning about the volatility of the crypto markets. "Be wary of adverts online and on social media promising high returns on investments in cryptoasset or cryptoasset-related products," it said. The price of bitcoin has tumbled in recent months after hitting a record high near $65,000 in April. The volatile digital currency appeared unmoved by the growing regulatory pressure on Binance — it gained more than 5% over the past 24 hours to trade at $34,800 on Monday. "We are aware of recent reports about an FCA UK notice in relation to Binance Markets Limited," a Binance spokesperson said. "[Binance Markets Limited] is a separate legal entity and does not offer any products or services via the Binance.com website. The FCA UK notice has no direct impact on th

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