Binance, a crypto exchange, has acknowledged that the crackdown on cryptocurrencies has made it difficult to conduct business in the United States. The company is now seeking regulation in the United Kingdom, with its chief strategy officer expressing a commitment to doing "everything we possibly can" to be regulated in the UK. This is a significant change in tone from his earlier statement that the current crackdown on crypto had made it difficult to do business in the US. Binance had previously clashed with London regulators over its failure to provide essential information about its business activity, which led to regulators suggesting the exchange was unregulatable.
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