Marinade Finance, a decentralized finance (DeFi) protocol on the Solana blockchain, has reportedly blocked users from the United Kingdom. The issue was discovered by U.K. customers on October 23rd when they tried to access Marinade’s website. The block page displayed a message stating that access to the site is unavailable in the U.K. due to compliance concerns with regulations from the U.K. Financial Conduct Authority. However, users are still able to withdraw liquidity, claim delayed tickets, and delay unstake via Marinade’s SDK. This move by Marinade follows similar actions taken by other crypto platforms, such as Binance and PayPal, who have also restricted services for U.K. customers. The U.K. Financial Conduct Authority recently introduced regulations for cryptocurrency companies to ensure fair and transparent advertising in the industry. Marinade Finance has not provided further information regarding their decision to block U.K. users.
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Information |
Details |
Geography |
Europe |
Countries |
🇬🇧 |
Sentiment |
neutral |
Relevance Score |
1 |
People |
Adelle Nazarian |
Companies |
OKX, U.K. Finance Conduct Authority, Marinade Finance, PayPal, Binance, MoonPay, Bybit, U.K. Financial Conduct Authority |
Currencies |
Solana |
Securities |
None |