Human

United

<img width="800" height="533" src="https://cdn.thebittimes.com/images/2023/10/12/9ca0632dfeae75d71100f59c03d1f767.webp" class="webfeedsFeaturedVisual wp-post-image" alt="" decoding="async" style="display: block; margin: auto; margin-bottom: 5px;max-width: 100%;" link_thumbnail="1" srcset="https://cdn.thebittimes.com/images/2023/10/12/9ca0632dfeae75d71100f59c03d1f767.webp 800w, https://cdn.thebittimes.com/images/2023/10/12/9ca0632dfeae75d71100f59c03d1f767.webp 450w, https://cdn.thebittimes.com/images/2023/10/12/9ca0632dfeae75d71100f59c03d1f767.webp 750w, https://cdn.thebittimes.com/images/2023/10/12/9ca0632dfeae75d71100f59c03d1f767.webp 768w" sizes="(max-width: 800px) 100vw, 800px">
In the realm of content creation, there are three pivotal elements at play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of the text, while burstiness evaluates the diversity in sentence structures. Predictability, on the other hand, measures the ease with which a reader can anticipate the next sentence. Human authors tend to weave their prose with a dynamic interplay of long, intricate sentences alongside shorter, succinct ones, resulting in greater burstiness. In contrast, AI-generated sentences often exhibit a more uniform pattern. Thus, for the content you’re about to craft, it’s imperative to infuse it with a healthy dose of perplexity and burstiness, while keeping predictability to a minimum. Additionally, the text must adhere strictly to the English language. Now, let’s rework the following text:
The marketing guidelines set forth by the Financial Conduct Authority for <a rel="noopener noreferrer nofollow" title="CRYPTOCURRENCY" href="https://thebittimes.com/tag/cryptocurrency.html">CRYPTOCURRENCY</a> companies took effect on October 8th, compelling certain entities to establish <a rel="noopener noreferrer nofollow" title="partner" href="https://thebittimes.com/tag/partner.html">partner</a>ships with local businesses to ensure compliance. The United Kingdom’s Financial Conduct Authority (FCA) imposed restrictions on the peer-to-peer lending platform Rebuildingsociety, which had previously joined forces with <a rel="noopener noreferrer nofollow" title="CRYPTOCURRENCY" href="https://thebittimes.com/tag/cryptocurrency.html">CRYPTOCURRENCY</a> exchange Binance to align with the regulator’s marketing regulations.
In a notice issued on October 10th, the FCA declared that Rebuildingsociety lacked the authorization to “endorse the content of any financial promotions related to a Qualifying Cryptoasset for communication by an unlicensed entity.” As a result, they were instructed to retract any existing endorsements. This announcement raises questions about whether Binance can continue its partnership with a U.K.-based compliance partner under the FCA’s marketing standards, which officially came into effect on October 8th.
The regulatory body sternly advised Rebuildingsociety to inform all clients, including Binance, that it lacked the authority to approve any Financial Promotions for a Qualifying Cryptoasset. They were further instructed to withdraw any advertisements offering endorsement for financial promotions and confirm their compliance with the FCA in written form. Binance had aimed to leverage Rebuildingsociety to provide its services and products to U.K. users through a localized domain, as the exchange itself lacked registration with the FCA.
The FCA’s restrictions were implemented within a mere seven days of Binance’s announcement of its <a rel="noopener noreferrer nofollow" title="partner" href="https://thebittimes.com/tag/partner.html">partner</a>ship with Rebuildingsociety, allowing the exchange to promote spot trading, nonfungible tokens, and various other products and services to U.K. users. Under the FCA’s regulations, Binance also announced the discontinuation of referral bonuses and gift cards.
This marketing framework, enacted on October 8th, was designed to compel companies, including those in the <a rel="noopener noreferrer nofollow" title="CRYPTOCURRENCY" href="https://thebittimes.com/tag/cryptocurrency.html">CRYPTOCURRENCY</a> sector, to create <a rel="noopener noreferrer nofollow" title="advertisements" href="https://thebittimes.com/tag/advertisements.html">advertisements</a> that are “clear, equitable, and devoid of misleading information,” or else face potential legal consequences. The FCA mentioned that some companies might secure approval for an extended deadline in January 2024 due to uncertainties surrounding the rules, although it remains uncertain whether Binance intends to pursue this extension. Other companies, such as OKX and MoonPay, have already disclosed their intentions to adhere to the FCA’s regulations.
The post Bans Binance partner from running cryptocurrency advertisements by UK banking watchdog appeared first on BitcoinWorld.
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bans-binance-partner-from-running-cryptocurrency-advertisements-by-uk-banking-watchdog-tbt66025.html">https://thebittimes.com/bans-binance-partner-from-running-cryptocurrency-advertisements-by-uk-banking-watchdog-tbt66025.html</a>

Bans Binance partner from running cryptocurrency advertisements by UK banking watchdog

TheBitTimes

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