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Crypto exchange Binance to stop accepting new users in UK

Economic Times · 1y

Cryptocurrency exchange Binance is halting new user registrations in the United Kingdom in compliance with new regulations on overseas digital asset firms. The Financial Conduct Authority (FCA) implemented rules restricting cryptoasset promotions on October 8th. Binance is working with the FCA to find an authorized firm to approve its financial promotions. This move comes amidst increased global focus on cryptocurrency regulation following several high-profile collapses in the industry.