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The Cayman Islands Monetary Authority (CIMA) said Friday that Binance, Binance Group and Binance Holdings Limited are not "registered, licensed, regulated or otherwise authorized" to operate as crypto exchanges from or within the Cayman Islands.The Cayman Islands' main financial services regulator added that it was investigating whether Billans, the Billans Group or Billans Holdings Ltd. "fall within the Authority's regulatory purview."CIMA states that any company incorporated in the Cayman Islands that provides virtual asset services in or from the Cayman Islands must be licensed under the Virtual Asset Regulations or must obtain an exemption from CIMA itself."Binance.com does not operate a cryptocurrency exchange business outside of the Cayman Islands," a Binance spokesperson said. "However, we do have entities incorporated under Cayman Islands law that engage in activities permitted by law that have nothing to do with operating cryptocurrency exchange trading activities," he added.When asked to elaborate on which entities were established on the island, what activities they were engaged in and under which laws, Mr Binans declined to comment.BINANCE's regulatory battleIn the past two weeks, a number of international regulators have raised questions about the company's compliance with local regulations.Earlier today, the Securities and Exchange Commission of Thailand (SEC) filed criminal charges against Binance for operating an unlicensed digital asset business.UK regulator FCA has' huge problem 'with Binance's lack of headquartersYesterday, Singapore's central bank said it would follow up with Binance Holdings Ltd after taking a series of regulatory actions against the exchange.Late last week, the Financial Conduct Authority said Binance Markets Limited (BML), Binance's UK entity, was banned from doing business in the UK. A spokesman for Binance told Decrypt that it bought BML to "own and operate" a custom crypto exchange offered to customers in the UK.Japan's financial regulator warned that Binance was operating without registrationThe FCA's announcement comes just days after Japan's Financial Services Agency warned that Binance was not registered in Japan.In July last year, Malaysia's Securities Commission said Binance was operating illegally in the country.Doublestar soon lost its long game of "regulatory arbitrage"
