Why is Binance banned in UK?

Could you please explain why Binance has been banned in the UK? I've been hearing a lot about this recently and I'm quite curious. As a professional in the field of cryptocurrency and finance, I'm sure you have a thorough understanding of the situation. Could you elaborate on the reasons behind this ban? Was it due to regulatory issues, security concerns, or something else? And what does this mean for the future of Binance and the cryptocurrency industry in the UK? I'd appreciate it if you could provide some clarity on this matter.