Binance closed access to the site for new users from the UK – Bits Media

Binance's largest crypto -rope has temporarily closed access to the site for new users from the UK in connection with the toughened rules for marketing of cryptocurrency materials in the country.

British traders, not registered on Binance, They will not be able to create on the site account for trading. This is due to the constantly changing regulatory environment for digital assets and the new requirements of the British financial supervision management. (FCA).

According to the new rules for promoting crypto assets in the country, entered into force 8 October, Unregulated foreign sites can promote their cryptocurrency business only through cooperation with the company, authorized FCA. However, the agency deprived the possibility of a former Binance partner - RebuildingSociety - to approve the advertising materials of the exchange, Therefore, the leadership of the site was forced to take these measures.

Binance is now being searched for an organization, authorized regulator, which can check and approve the advertising shares of the exchange in the UK in accordance with the new rules. Expected, that this process will take some time, Therefore, British users will have to come to terms with temporary restrictions on the platform. As for already registered British traders, They will be able to use the current services of the exchange, However, new products will not be available to them.

Recently Minister of Finance and Economics of Great Britain Andrew Griffith (Andrew Griffith) He called on FCA to be more condescending to cryptocurrency companies, So that they do not run away to other jurisdictions due to strict requirements.