UK Users No Longer Accepted
Crypto exchange Binance has announced that it will no longer be accepting new users from the United Kingdom. The decision comes after the country's Financial Conduct Authority (FCA) imposed restrictions on Binance's partner, Rebuildingsociety.com Ltd (REBS).
Temporary Restrictions in Place
Binance is currently searching for a new FCA authorised approver. In the meantime, there will be temporary restrictions on the platform for UK users. Existing users will still have access to their services, but new products and services will not be available during this interim period.
FCA's New Crypto Marketing Rules
The FCA recently introduced new rules for crypto marketing, requiring exchanges to market to UK consumers clearly and provide understandable risk warnings. Binance had planned to use REBS to allow UK users to view its products and services, but the FCA's ruling has now prevented this.
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