Why are they banning Binance?

Could you possibly enlighten me on the reasons behind the ban on Binance? It seems like a rather significant decision, and I'm curious to know what prompted it. Is it due to regulatory concerns? Or perhaps some sort of security breach? I'm genuinely interested in understanding the motivations behind this ban and its potential implications for the cryptocurrency market. Could you provide some insights into this matter? Thank you in advance for your clarification.