Major global cryptocurrency exchanges and industry firms have indicated their intention to follow the UK Financial Conduct Authority's (FCA) new financial promotion regulations.
Binance Will Comply With New UK Rules On Financial Promotions
Major global cryptocurrency exchanges and industry firms have indicated their intention to follow the UK Financial Conduct Authority's (FCA) new financial promotion regulations.
On October 6, Binance announced the launch of a new domain for its UK users, as well as a partnership with the local peer-to-peer lending site Rebuildingsociety. Binance's UK retail users will be moved to the localized domain, which will only display products and services permitted under UK law, in accordance with the FCA's restrictions. Gift cards, referral bonuses, the academy, and research will not be available for UK users.
Amidst the regulatory changes, the FCA issued warnings to 143 entities, including major exchanges like KuCoin, Bybit, BitMex and HTX (formerly Huobi), for potentially promoting their services without permission.
Let us know what you loved about this article, what could be improved, or share any other feedback by filling out this short form.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators.
This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice.
The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
