Binance has introduced new financial product promotion regulations in the UK. Binance has launched a new domain name for UK users and cooperated with compliant third-party companies to promote it legally in the local area.

Previously, another exchange, Bybit, announced its withdrawal from the UK and officially stopped accepting new UK users in October.

Crypto advertising in the UK is regulated, Binance takes the lead in responding

In response to the UK’s new financial product promotion regulations, the exchange Binance has launched a new domain name for UK users: www.binance.com/en-GB.

At the same time, Binance has cooperated with a third-party company, Rebuildingsociety.com (a P2P lending company), to enable Binance to publish marketing and update information in the UK.

According to Binance’s announcement, Rebuildingsociety.com is a company regulated by the FCA (UK Financial Authority) and is an “S21 Approver”, which can provide cryptocurrency market marketing and publish information. This partnership and new domain name represent Binance Compliance’s services in the UK.

Under the new British domain name, the website will only display products and services provided under British regulations, including:

  • Fiat and cryptocurrency deposits and withdrawals

  • Spot Trading

  • Margin trading

  • exchange

  • NFT market

  • Binance Pay

  • Crypto loans

  • Launchpad

Services that cannot be provided include:

– Gift Cards – Binance Academy – Research – Feed – Referral Bonuses

UK Crypto Regulation Review

DeFi tax reform! UK tax office opens consultation on taxation of DeFi lending and staking

The end of the recommendation code master? Rejecting the direct sales culture in the currency circle, the British FCA will ban referral bonuses and anti-inflation rhetoric

UK Financial Services and Markets Bill (FSMB) officially comes into force, will strengthen crypto regulation and support its safe adoption in the UK

Attention when promoting cryptocurrencies in the UK! Failure to register with the Authorized Personnel or FCA will result in criminal liability

Cryptocurrency memes sound the alarm! UK regulator: memes could be seen as investment promotion tactics

Strengthen supervision! UK FCA: New review regulations will be implemented for financial advertisements, and companies must apply within a time limit

 

Can Taiwan learn from this article? In response to UK promotion regulations, Binance launches new UK domain name appeared first on Chain News ABMedia.