The post FCA Restricts Binance’s Partner, Risks UK Crypto Marketing Compliance! appeared first on Coinpedia Fintech News
Binance’s plans to comply with the UK’s new crypto marketing regime may have been derailed after the Financial Conduct Authority (FCA) imposed restrictions on the exchange’s partner, Rebuildingsociety.com. The FCA said that the partner is not permitted to approve crypto ads, potentially compromising Binance’s attempts to adhere to the new regime. Binance had partnered with Rebuildingsociety.com to have it approve its communications, as the exchange itself is not registered with the FCA. The FCA has now ordered Rebuildingsociety.com to withdraw any existing approvals for crypto promotions and inform the FCA of the necessary steps being taken in writing before Friday.
Source: https://coinpedia.org/crypto-live-news/fca-restricts-binances-partner-risks-uk-crypto-marketing-compliance/