Binance halts onboarding of new UK users

Crypto exchange Binance will stop accepting users in the United Kingdom as of 5:00 pm local time on Oct. 16.

According to Binance’s announcement, the move came after the country’s Financial Conduct Authority (FCA) imposed legally binding requirements on its partner Rebuildingsociety.com Ltd (REBS) on Oct. 10. Among other items, the ruling prohibited REBS from ad promotions soliciting Binance goods and services.

Existing Binance users in the U.K. will retain their services. However, the exchange clarified that “any new products and services will not be made available during this interim period.” Various products such as gift cards, Binance Academy, Binance Research, Binance Feed and Referral Bonus available on the Binance international platform are currently unavailable on its U.K. platform.

#news #binance #uk

Oct-17-2023 07:22:18 AM