Leading cryptocurrency exchanges Binance and OKX, along with crypto payment service MoonPay, have taken significant steps to comply with the UK’s Financial Promotions (FinProm) Regime enforced by the Financial Conduct Authority (FCA). These regulatory changes aim to promote transparency and fairness in promoting cryptocurrency products and services in the UK. Binance has introduced a dedicated domain for its UK users and partnered with a local peer-to-peer lending platform. Starting from October 8, 2023, Binance’s UK retail users will be redirected to this localized domain, which will showcase products and services that comply with UK regulations. Certain products like gift cards and referral bonuses will no longer be offered. Similarly, OKX has streamlined its token offerings and prominently displayed risk warnings on its platform. The exchange has also launched a dedicated UK account on a social media platform to keep users informed about compliant products and services.

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Information	Details
Geography	Europe
Countries	🇬🇧
Sentiment	neutral
Relevance Score	6
People	None
Companies	OKX, KuCoin, FCA, Binance, MoonPay
Currencies	Bitcoin, Ethereum
Securities	None