The post Binance Halts UK Onboarding Due to FCA’s Approval Withdrawal for Approver! appeared first on Coinpedia Fintech News
Binance has temporarily stopped accepting new UK users due to the Financial Conduct Authority’s (FCA) decision to withdraw approval for Rebuildingsociety.com Ltd. to review and approve financial promotions on behalf of any cryptoasset business, including Binance. The FCA’s decision comes amid the implementation of new rules that allow overseas firms to promote their businesses in the UK when engaging with an FCA-authorized firm like REBS. While Binance works to onboard a new FCA-authorized approver, existing UK users will still have access to current services but may face temporary restrictions as new products and services will not be made available during this interim period.
Source: https://coinpedia.org/crypto-live-news/binance-halts-uk-onboarding-due-to-fcas-approval-withdrawal-for-approver/