Binance Halts New U.K. User Registrations to Adhere to Advertising Regulations
Binance, one of the world's largest cryptocurrency exchanges, will stop accepting new users from the U.K. in order to comply with the country's crypto marketing rules. Under the new regulations, firms registered with the U.K.'s Financial Conduct Authority (FCA) can approve their own ads or use authorized entities for approval. Binance had partnered with a firm for ad approval, but the FCA stated that the firm was not authorized. Existing U.K. users will still have access to services but will not be able to access new products and services during this period. Binance is working to find another authorized firm to approve its financial promotions.