Binance and OKX crypto exchanges have initiated operational changes to align with the UK Financial Conduct Authority’s (FCA) digital asset regulations.

These adjustments come in response to the “rules for marketing crypto-assets” outlined by the regulator in June and set to take effect today, October 8.

Binance Re-enters UK

Binance, in response to the updated Financial Promotions Regime, unveiled a new domain for UK users on October 6th. The exchange also announced a partnership with FCA-regulated firm Rebuildingsociety.com Limited, responsible for overseeing Binance’s UK marketing and communications.

The launch of the FCA-compliant website grants UK users access to a range of FCA-approved services. These services include fiat and cryptocurrency deposits, spot trading, margin trading, NFT marketplace, crypto conversion, Binance Pay, crypto loans, and Launchpad.

However, UK users can no longer access Gift Cards, Academy, Research, Binance Feed, and Referral Bonuses.

In June, the UK’s FCA introduced advertising regulations for crypto-assets. The FCA’s financial promotions rule stipulates that crypto firms must verify that their potential customers possess sufficient knowledge.
Additionally, these companies are required to prominently display r

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Author: Oluwapelumi Adejumo

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