Cryptocurrency exchange Binance banned from operating in the U.K.

The U.K.'s Financial Conduct Authority says Binance Markets Limited, part of Binance Group, "isn't permitted to undertake any regulated activity in the U.K.," according to a statement.In addition, no other part of Binance Group is authorized to conduct regulated activity in Britain, it said.The regulator also warned about investing in crypto assets generally."Most firms advertising and selling investments cryptoassets are not authorized by the FCA. This means that if you invest in certain cryptoassets you will not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme if things go wrong," the FCA said.As for cryptocurrency action over the weekend, bitcoin (BTC-USD) appears to be relatively stable at ~$33K, ethereum (ETH-USD) is trading at ~$1,824, Binance Coin (BNB-USD) slips ~0.5% over the last 24 hours to $272.26, and dogecoin (DOGE-USD) is trading at ~24 cents.Earlier this month, the Basel Committee on Banking Supervision issued preliminary proposals' on