{"id":175415,"date":"2023-10-17T01:52:00","date_gmt":"2023-10-16T20:22:00","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=175415"},"modified":"2023-10-17T01:52:00","modified_gmt":"2023-10-16T20:22:00","slug":"binance-uk-will-stop-accepting-new-uk-customers-temporarily-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/binance-uk-will-stop-accepting-new-uk-customers-temporarily-crypto-news\/","title":{"rendered":"Binance UK will stop accepting new UK customers temporarily – Crypto News"},"content":{"rendered":"

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Binance UK will stop accepting new UK users after its partner firm was banned from approving crypto ads.\u00a0<\/p>\n

According to a Monday blog post, the company is \u201clooking for a new FCA authorized approver.\u201d However, until it establishes a new partnership, it has to limit its UK services.\u00a0<\/p>\n

On top of not being able to accept new UK users, existing users on Binance<\/a> UK will not be able to access new products or services, though current services will remain available.\u00a0<\/p>\n

The crypto exchange added<\/a> that it is working \u201cclosely\u201d with the UK\u2019s Financial Conduct Authority.\u00a0<\/p>\n

Last week, the UK regulator cracked down on Rebuilding Society \u2014 an FCA-registered entity \u2014 and ordered the firm to withdraw \u201cexisting approvals\u201d for crypto financial promotions and said that it \u201cmust not approve the content of any financial promotion for a qualifying crypto asset for communication by an unauthorized person.\u201d<\/p>\n

Read more: <\/strong>FCA issues \u2018final warning\u2019 to crypto firms ahead of Oct. 3 marketing regulation rollout<\/a><\/p>\n

A Binance spokesperson told Blockworks that the crypto exchange engaged with the FCA<\/a> regarding its agreement with Rebuilding Society back on Oct. 2. Binance made its official announcement on Oct. 8 and then two days later, the FCA issued its warning to the firm.<\/p>\n

The spokesperson also said that it had spent \u201can enormous amount of time and resources\u201d to ensure that its UK entity is \u201cpositioned to comply with the detailed requirements.\u201d<\/p>\n

The FCA began officially enforcing the new crypto promotion regulations earlier this month, after issuing multiple warnings ahead of the rollout.\u00a0<\/p>\n

Since the regulations became official, the FCA has targeted over 140 companies<\/a> as part of a broad warning to curb illegal crypto financial promotions in the UK.<\/p>\n

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Follow Sam Bankman-Fried\u2019s trial with the latest news from the courtroom<\/a>.\u00a0<\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Binance UK will stop accepting new UK users after its partner firm was banned from approving crypto ads.\u00a0 According to a Monday blog post, the company is \u201clooking for a new FCA authorized approver.\u201d However, until it establishes a new partnership, it has to limit its UK services.\u00a0 On top of not being able to […]<\/p>\n","protected":false},"author":2,"featured_media":175416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-175415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=175415"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175415\/revisions"}],"predecessor-version":[{"id":175418,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/175415\/revisions\/175418"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175416"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=175415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=175415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=175415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}