Binance Waves Goodbye to New U.K. Users Compliance with Ad Rules Takes the Spotlight

Binance Halts New User Registrations in UK to Comply with Advertising Regulations

Binance, the popular cryptocurrency exchange, is hitting the pause button on accepting new users from the UK. But hey, don’t panic just yet! It’s not because they secretly hate all of you blokes (or birds) across the pond. It’s actually because they want to comply with the UK’s crypto marketing rules. Talk about following the rules, right?

So, here’s the deal. The UK’s Financial Conduct Authority (FCA) recently implemented new regulations that allow registered firms to approve their own crypto ads. If they aren’t keen on doing it themselves, they can get an authorized entity to give the greenlight. Binance, being the responsible exchange that they are, teamed up with a firm named Rebuildingsociety.com beforehand to get their ads approved in the UK.

But wait! The FCA, being the rule sticklers that they are, said, “Oi! Rebuildingsociety.com, you’re not authorized to give the thumbs up to crypto ads!” Well, that’s a bummer. But fear not, dear Binance users! The exchange is diligently working with the FCA to find another suitable authorized firm that can give a proper nod to their financial promotions.

Now, here’s the scoop for all you existing UK Binance users. You guys and gals can still access the services as long as you’ve completed the “Investor Declaration and Appropriateness Test.” But, alas, the forbidden fruit of new products and services shall be off-limits during this period. Hang in there, amigos!

• Treasury Yields: A Delicate Balancing Act for Financial Markets
• Binance Burns $450 Million Worth of BNB in Epic Quarterly Purge
• Bullish Bitcoin Surge Sparks Speculation of ‘Bitcoin Becoming a $15 Trillion Asset;’ BTC Forks Take a Leap

If you want more juicy details, head on over to the link below. And remember, stay calm and hodl on!

Read more: Binance’s U.K. Partner Can’t Approve Crypto Ads, Regulator Says

UPDATE (Oct. 16, 15:28 UTC): Oh, one last thing before we go. Existing UK customers, you’ve got a special shoutout in the last paragraph. Cheers!

Edited by Sandali Handagama.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!