Crypto exchange Binance has announced that it will stop accepting new British users.

In a Monday announcement, the world’s biggest digital asset company said that at 5 p.m. U.K. time, no new British customers will be able to sign up to the exchange.

It added that it encouraged existing users to be well-informed before investing in cryptocurrencies on the platform.

Britain’s financial watchdog the Financial Conduct Authority (FCA) dropped new rules last week which require crypto firms to register with the financial regulator and have their marketing approved by an FCA-authorized firm.

Exchanges also have to provide fair warnings to customers about the risks involved in crypto investments.

Binance used Rebuildingsociety.com to have its promos and ads approved in the U.K. but the FCA last week added the firm to its list of regulated companies banned from promoting crypto services in Britain.

Binance said Monday that it was “currently l

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Author: Mathew Di Salvo

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