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Binance is not registered with UK's FCA despite its creation of a dedicated page for residents, which severely limits its marketing abilities.
Musk has a history of butting heads with the SEC, but his refusal to respond to a subpoena crosses a new line.
The regulator stated that all financial firms serving UK customers must be authorized or registered with it.
The move aims to bolster consumer protections in a market plagued by recent significant hacks on platforms like Axie Infinity, Crypto.com, and FTX.
Customers in the U.K. can access permitted services through a new web page.
Musk expressed confidence that regulatory changes were inevitable, 'estimating' a 100% probability of reform.
Project Atlas is the latest in the Bank of International Settlements' substantial efforts to research, monitor, and develop blockchain technology.
The agency said that Coinbase should not be surprised that it is the target of a lawsuit.
The CFTC chair issued some of his firmest statements to date on the need for new crypto regulation in stark contrast to his SEC counterpart.
