Binance launches new FCA-compliant domain for UK clients

Binance announced its plans to launch a new UK domain that complies with the regulations introduced by the FCA.
Dot
March 8, 2024
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

TABLE OF CONTENTS
Changpeng Zhao; Photo Source: Binance (Youtube)

Crypto exchange Binance announced its plans to launch a new UK domain that complies with the regulations introduced by the FCA.

Earlier in June, Binance Markets Limited (BML), the UK division of the crypto firm, canceled its registration with the FCA. Soon, the FCA delisted BML from its website, noting the firm can no longer “provide regulated activities and products” to UK-based users.

Binance has now partnered with Rebuildingsociety.com Limited to release a new domain for its UK user base. In the blog post, Binance revealed that Rebuildingsociety will be responsible for sanctioning its “crypto marketing and communications materials” as a ‘Section 21 approver’ operating under the FCA. Binance added,

"This partnership and new domain means that we can offer services in the UK in compliance with the updated Financial Promotions Rules."



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Starting October 8, Binance’s existing UK-based clients will be redirected to the new platform, which showcases only those services that are in compliance with the FCA’s regulations. Fortunately, this includes a majority of the products that are available to Binance’s international users, including spot trading, market trading, NFT marketplace, crypto loans as well as deposit and withdrawal facilities for fiat and crypto tokens. 

However, gift cards, referral bonuses, and a few other services will no longer be accessible to its UK clients.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn

Binance launches new FCA-compliant domain for UK clients

HomeCrypto exchanges
Contents
Changpeng Zhao; Photo Source: Binance (Youtube)

Crypto exchange Binance announced its plans to launch a new UK domain that complies with the regulations introduced by the FCA.

Earlier in June, Binance Markets Limited (BML), the UK division of the crypto firm, canceled its registration with the FCA. Soon, the FCA delisted BML from its website, noting the firm can no longer “provide regulated activities and products” to UK-based users.

Binance has now partnered with Rebuildingsociety.com Limited to release a new domain for its UK user base. In the blog post, Binance revealed that Rebuildingsociety will be responsible for sanctioning its “crypto marketing and communications materials” as a ‘Section 21 approver’ operating under the FCA. Binance added,

"This partnership and new domain means that we can offer services in the UK in compliance with the updated Financial Promotions Rules."



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Starting October 8, Binance’s existing UK-based clients will be redirected to the new platform, which showcases only those services that are in compliance with the FCA’s regulations. Fortunately, this includes a majority of the products that are available to Binance’s international users, including spot trading, market trading, NFT marketplace, crypto loans as well as deposit and withdrawal facilities for fiat and crypto tokens. 

However, gift cards, referral bonuses, and a few other services will no longer be accessible to its UK clients.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Ayush Pande

As a tech enthusiast who's always on the prowl for the latest developments concerning crypto and hardware, you can find him covering news stories or tinkering with PCs.

Crypto exchange Binance announced its plans to launch a new UK domain that complies with the regulations introduced by the FCA.

Earlier in June, Binance Markets Limited (BML), the UK division of the crypto firm, canceled its registration with the FCA. Soon, the FCA delisted BML from its website, noting the firm can no longer “provide regulated activities and products” to UK-based users.

Binance has now partnered with Rebuildingsociety.com Limited to release a new domain for its UK user base. In the blog post, Binance revealed that Rebuildingsociety will be responsible for sanctioning its “crypto marketing and communications materials” as a ‘Section 21 approver’ operating under the FCA. Binance added,

"This partnership and new domain means that we can offer services in the UK in compliance with the updated Financial Promotions Rules."



Get Our Free Newsletter

Subscribe to our newsletter to get tips, our favorite services, and the best deals on Bitcompare-approved picks sent to your inbox


Starting October 8, Binance’s existing UK-based clients will be redirected to the new platform, which showcases only those services that are in compliance with the FCA’s regulations. Fortunately, this includes a majority of the products that are available to Binance’s international users, including spot trading, market trading, NFT marketplace, crypto loans as well as deposit and withdrawal facilities for fiat and crypto tokens. 

However, gift cards, referral bonuses, and a few other services will no longer be accessible to its UK clients.

Written by
Author's profile picture

Ayush Pande

Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.

Connect with Ayush on LinkedIn
Written by
Ayush Pande