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Abstract:Binance introduces a UK-focused domain, aligning with updated Financial Promotions Rules. Partnering with FCA-regulated Rebuildingsociety.com, the platform offers tailored services for UK retail users while ensuring global regulatory compliance. Stay informed with Binance's commitment to seamless UK user experience.
In a significant move towards enhanced compliance with UK financial regulations, Binance, the world's leading cryptocurrency exchange, has announced the launch of its brand-new UK domain. This development aligns perfectly with the recently updated Financial Promotions Rules.
Highlighting Binance's commitment to adhering to regulatory standards globally, the new UK domain promises to offer an array of services specifically tailored for the UK market, ensuring that they align seamlessly with the country's regulations.
Central to this compliance initiative is Binance's strategic partnership with Rebuildingsociety.com Limited. As an FCA-regulated firm, Rebuildingsociety.com is distinguished as an 'S21 approver', granting them the authority to give the nod to crypto marketing and communications materials. This collaboration plays a pivotal role in ensuring that all of Binance's marketing and communications initiatives meet the stringent standards set by the UK's regulatory body.
From the 8th of October 2023, UK retail users logging on to Binance will be directed to www.binance.com/en-GB. This dedicated UK domain will prominently feature a curated list of Binance products and services that adhere to UK regulations. Some of the highlighted services include:
Fiat and crypto deposits and withdrawals
Spot Trading
Margin Trading
Convert
NFT marketplace
Binance Pay
Crypto Loans
Launchpad
However, in light of these regulatory requirements, Binance has also highlighted certain services that will no longer be available to UK retail users. These include:
Gift Cards
Academy
Research
Feed
Referral bonuses
Notably, these changes are exclusively for retail users in the UK. Other users, particularly certain institutional and professional investors, who fall under exemptions in the new Financial Promotions Regime, will not be affected by these changes.
Binance's recent initiative underscores its ongoing commitment to meeting regulatory requirements worldwide. The exchange has expressed its gratitude for its partnership with Rebuildingsociety.com, emphasizing how it enables it to maintain its regulatory commitments in the UK while ensuring an uninterrupted service experience for its users.
For those interested in staying abreast of the latest Binance news and updates, the WikiFX App is a handy resource available for download at https://www.wikifx.com/en/download.html.
In conclusion, Binance's latest promotion of its new UK domain is not just a service expansion, but also a testament to the exchange's dedication to compliance and user-centric service delivery.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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