Why did the UK ban Binance?

Why did the UK decide to ban Binance? Was it due to regulatory concerns surrounding the exchange's operations? Or was it something more specific, like a violation of local laws? Did the UK authorities receive complaints from investors who lost money on Binance? Did Binance fail to comply with requests for information or inspections? Were there security breaches or hacks that led to the ban? Understanding the reasons behind this decision is crucial for investors and crypto enthusiasts alike, as it could have wider implications for the cryptocurrency market and the regulatory landscape. Given the global nature of cryptocurrencies, it's also interesting to note if other countries might follow suit with similar bans. Could this be the start of a trend towards stricter regulation in the crypto space?