UK users have been directed to the domain in compliance with the new regulations.
Certain services provided by the crypto exchange will be limited for retail users.
Ahead of the implementation of the UK's newly updated
Financial Promotions Regime, Binance has unveiled a dedicated domain for its
users in the country. The crypto exchange has partnered with Rebuildingsociety.com
Limited, a Financial Conduct Authority (FCA) regulated firm authorized to
approve crypto marketing and communications materials.
According to a statement published by the company, this
partnership and the unveiling of the new domain, www.binance.com/en-GB, is a
significant step forward for Binance to adhere to the new regulations.
This domain will offer services that align with the updated
regulations. These services include fiat transactions and crypto deposits and withdrawals,
spot trading, margin trading, NFT marketplace access, Binance Pay, crypto
loans, and the launchpad.
Binance Restricts Services
However, as Binance aligns itself with the new financial rules, certain services previously available will no longer be accessible
to retail users in the UK starting from October 8, 2023. These exclusions
include gift cards, access to Binance Academy, research resources, feed
features, and referral bonuses.
However, these adjustments primarily affect retail users, as the new Financial Promotions Regime provides exemptions for certain
institutional and professional investors.
Notably, Binance's current focus on the UK market follows
previous difficulties with the FCA. The exchange was among the crypto companies
that withdrew their applications for mandatory FCA registration in June. These
troubles began in mid-2021 when the FCA labeled Binance's local entity
unregulated, triggering regulatory warnings and actions globally.
Even though Binance's UK subsidiary faced these changes, the
exchange stated its plans to shift its attention towards the UK market,
focusing on compliance with the newly amended Financial Promotions Regime.
FCA Warns against Unauthorized Ads
Lucy Castledine, the Director of Consumer Investments at the
FCA, has issued a stern warning: "Come October 8, we will be taking action
against firms illegally marketing to UK consumers." Any financial
promotion related to qualifying crypto assets must strictly adhere to one of four
designated channels.
Failure to comply results in a range of penalties, including
restrictions, inclusion on warning lists, website takedowns, fines, and the
potential imprisonment of responsible individuals.
The advertising rules set by the FCA for the cryptocurrency
industry mandate crypto firms to register and approve their ads. Besides that,
they must make changes to their systems so that people who are new to investing
in cryptocurrencies have at least 24 hours to reconsider their investment
choices before finalizing them, among other provisions.
Ahead of the implementation of the UK's newly updated
Financial Promotions Regime, Binance has unveiled a dedicated domain for its
users in the country. The crypto exchange has partnered with Rebuildingsociety.com
Limited, a Financial Conduct Authority (FCA) regulated firm authorized to
approve crypto marketing and communications materials.
According to a statement published by the company, this
partnership and the unveiling of the new domain, www.binance.com/en-GB, is a
significant step forward for Binance to adhere to the new regulations.
This domain will offer services that align with the updated
regulations. These services include fiat transactions and crypto deposits and withdrawals,
spot trading, margin trading, NFT marketplace access, Binance Pay, crypto
loans, and the launchpad.
Binance Restricts Services
However, as Binance aligns itself with the new financial rules, certain services previously available will no longer be accessible
to retail users in the UK starting from October 8, 2023. These exclusions
include gift cards, access to Binance Academy, research resources, feed
features, and referral bonuses.
However, these adjustments primarily affect retail users, as the new Financial Promotions Regime provides exemptions for certain
institutional and professional investors.
Notably, Binance's current focus on the UK market follows
previous difficulties with the FCA. The exchange was among the crypto companies
that withdrew their applications for mandatory FCA registration in June. These
troubles began in mid-2021 when the FCA labeled Binance's local entity
unregulated, triggering regulatory warnings and actions globally.
Even though Binance's UK subsidiary faced these changes, the
exchange stated its plans to shift its attention towards the UK market,
focusing on compliance with the newly amended Financial Promotions Regime.
FCA Warns against Unauthorized Ads
Lucy Castledine, the Director of Consumer Investments at the
FCA, has issued a stern warning: "Come October 8, we will be taking action
against firms illegally marketing to UK consumers." Any financial
promotion related to qualifying crypto assets must strictly adhere to one of four
designated channels.
Failure to comply results in a range of penalties, including
restrictions, inclusion on warning lists, website takedowns, fines, and the
potential imprisonment of responsible individuals.
The advertising rules set by the FCA for the cryptocurrency
industry mandate crypto firms to register and approve their ads. Besides that,
they must make changes to their systems so that people who are new to investing
in cryptocurrencies have at least 24 hours to reconsider their investment
choices before finalizing them, among other provisions.
Kraken Verifies $21.5 Billion in Client Assets with Latest Proof of Reserves
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
π£ Stay updated with the latest in finance and trading!
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
π Facebook: https://www.facebook.com/FinanceMagnatesEvents
πΈ Instagram: https://www.instagram.com/fmevents_official
π¦ Twitter: https://twitter.com/F_M_events
π₯ TikTok: https://www.tiktok.com/@fmevents_official
βΆοΈ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 β the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether youβre in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
π Don't miss out β secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
π£ Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
π LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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π¦ Twitter: https://twitter.com/F_M_events
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
FM's Andrea Badiola Mateos at speaking in a panel discussion at LSEG's Cyprus event
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The Role of PAMM, MAM & Copy Trading in Business Growth Strategies | Webinar
The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
π£ Stay updated with the latest in finance and trading!
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The copy trading market is projected to double in size, growing from $2.2 billion to $4 billion by the end of this decade. In light of this, brokers and financial institutions are increasingly adopting PAMM, MAM, and Copy Trading solutions to scale operations and drive profitability. In this insightful webinar, Sergey Ryzhavin, Product Owner at B2COPY, outlines the advanced features of the B2COPY platform, showcasing how it enhances Copy Trading, PAMM, and MAM performance. Sergey also explores strategies for using these tools to attract new clients, improve customer engagement, and create additional revenue streams.
π£ Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
π LinkedIn: https://www.linkedin.com/company/financemagnates/
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Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24
Join us at FMLS:24 to connect with global institutional brokers. Secure your spot today! #fmls24