Can Taiwan learn from it? In response to the UK's regulatory promotion, Binance launches a new UK domain name.
Binance has launched a new domain for UK users in response to the new financial promotion regulations in the UK, in collaboration with a compliance third-party firm to legally promote in the region.
Earlier, another exchange Bybit announced its exit from the UK, officially ceasing to onboard new UK users in October.
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UK Crypto Ads Regulated, Binance Takes Lead
To comply with the new financial product promotion regulations in the UK, the exchange Binance has launched a new domain for its UK users: www.binance.com/en-GB.
Simultaneously, in partnership with the third-party company Rebuildingsociety.com, a P2P lending company, Binance is able to market and update information in the UK.
According to an announcement by Binance, Rebuildingsociety.com is a company regulated by the UK Financial Conduct Authority (FCA) and is an "S21 Approver" that can provide cryptocurrency market marketing and information dissemination. This collaboration and new domain represent Binance's compliant provision of services in the UK.
Under the new UK domain, the website will only display products and services provided in accordance with UK regulations, including:
- Fiat and cryptocurrency deposits and withdrawals
- Spot trading
- Margin trading
- Conversion
- NFT marketplace
- Binance Pay
- Crypto loans
- Launchpad
Services that cannot be offered include:
- Gift cards
- Binance Academy
- Research
- Feed
- Referral bonuses
UK Crypto Regulation Review
DeFi Tax Reform! UK tax authority publicly consults on taxing DeFi lending and staking
End of Referral Code Master? Rejecting crypto MLM culture, UK FCA to ban referral bonuses, ban anti-inflation rhetoric
UK Financial Services and Markets Act FSMA officially enforced to strengthen crypto regulation, supporting its safe adoption in the UK
Attention for promoting cryptocurrencies in the UK! Criminal liability for unauthorized individuals or those not registered with the FCA
Crypto meme alert! UK regulatory body: Memes may be considered as investment solicitation tools
Regulatory Strengthening! UK FCA: New scrutiny regulations for financial advertisements will be implemented, companies must apply within a deadline
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