Crypto Blog
Major cryptocurrency exchange Binance has stopped onboarding new users from the United Kingdom, pending when the firm can find a new FCA-authorized partner to approve its cryptocurrency promotions.
“We are working closely with the FCA to ensure that our users are not harmed by these developments and are looking to find another suitable FCA-authorized firm to approve our financial promotions as soon as possible.” Based on the updated FCA rules, crypto firms must be registered with the regulatory watchdog to approve their promotions. Meanwhile, unregistered crypto companies like Binance will have to use FCA-authorized firms to get approval for their crypto ads.
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