UK BINANCE NEWS PROFESSIONAL

The information on this site is not directed at residents of the United States, Canada, Singapore, Japan, Korea, Australia, and New Zealand or any particular country or jurisdiction where such distribution or use would be contrary to local law or regulation. Neither the firm nor investments in cryptoassets are regulated by the Financial Conduct Authority, nor covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Trading cryptocurrencies involves significant risk and can result in the loss of your capital.

Nest Services Limited, trading as Binance, is the entity ultimately responsible for the Binance Services offered through the Platform. We are pleased that our partnership with allows us to meet our regulatory commitments in the UK and provide uninterrupted service to our users.

This news has been capping gains in the BTC/USD prices today. Binance is working with the FCA to mitigate risks associated with crypto assets and identify a suitable firm for financial promotion approval.

UK BINANCE NEWS PROFESSIONAL

These changes only apply to retail users in the UK from 8 October 2023, and will not affect users which are exempt under the new Financial Promotions Regime (such as certain institutional and professional investors).Ĭompliance with regulation around the world remains a top priority for Binance. Existing UK users who have completed the necessary tests can still access Binance services, but new services are temporarily on hold. Our compliance with the Financial Promotions Regime means that certain products will no longer be available to UK retail users, for example: UK retail users will now be redirected to, which will only show Binance products and services that we can offer in compliance with UK regulations. The move comes as a response to a decision by its UK payment processor Paysafe, which said it was terminating its embedded wallet solution for. This partnership and new domain means that we can offer services in the UK in compliance with the updated Financial Promotions Rules. The world's largest cryptocurrency exchange has just become a bit smaller as Binance will suspend deposits and withdrawals in pounds for customers in the United Kingdom. is an FCA regulated firm which is authorised to approve crypto marketing and communications materials as an ‘S21 approver’. In compliance with the updated Financial Promotions Regime, Binance has launched a new domain for UK users and partnered with Limited which will approve Binance’s marketing and communications materials.

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