Major Cryptocurrency Exchanges Collaborate with UK Firms to Comply with Regulations

Coinbase and OKX have partnered with crypto startup Archax to comply with new financial promotion rules in the UK, while Binance has partnered with peer-to-peer lending firm Rebuilding Society. These partnerships allow the exchanges to continue serving UK customers from overseas. The Financial Conduct Authority (FCA) has placed exchanges HTX and KuCoin on a warning list of unauthorized firms. The FCA's new regulations for crypto asset financial promotions came into effect on October 8, requiring compliance from unregistered crypto firms to avoid criminal offenses.