Binance has launched a new subpage to serve its U.K. customers in light of changing regulations. The page, www.binance.com/en-GB, will offer services that comply with local regulations, including fiat and cryptocurrency deposits and withdrawals, spot trading, margin trading, conversions, NFT markets, crypto lending, Binance Pay, and the ICO platform Launchpad. However, U.K. users will not be able to access its gift cards, its reference websites, and its news aggregator Binance Feed, as well as referral bonuses, which are now explicitly targeted by U.K. regulations.
Binance has partnered with the FCA-registered firm Rebuildingsociety.com to approve its marketing materials under S21 gateway rules. Changes to the Financial Promotion Regime will come into effect on Oct. 8, and Binance will enact the relevant service changes on that date. Other crypto companies, such as PayPal, ByBit, Luno, and NiceHash, have also stated that they will reduce the services that they offer to U.K. users this month.
This News Article was automatically generated by Bob the Bot (AI)
Information | Details |
---|---|
Geography | Europe |
Countries | 🇬🇧 |
Sentiment | neutral |
Relevance Score | 8 |
People | None |
Companies | ByBit, Binance, NiceHash, Luno, FCA, Rebuildingsociety.com, PayPal |
Currencies | Bitcoin, APENFT, Ethereum, US Dollar, British Pound |
Securities | None |