The UK’s financial regulator, the FCA, imposed restrictions on Rebuilding Society, with which Binance announced its partnership two days ago.
According to the warning made by the Financial Conduct Authority (FCA), Rebuilding Society cryptocurrency service providers not registered in the country in the name of financial advertising studies will not be able to execute.
Rebuilding Society’s approvals for financial advertising to institutions that are not registered in the country To withdraw, you have until 19:00 Türkiye time tomorrow. has time.
Rebuilding Society also offers its customers to third parties cannot offer advertising services to persons and institutions that are not authorized in the country. must be informed about it.
The advertising application regulated by the FCA for cryptocurrencies and covering websites and social media platforms came into force on October 8. Cryptocurrency companies that are not officially registered in the UK may be subject to various sanctions if they violate these practices.
Some institutions that are already legally regulated in the country are involved in the advertising activities of cryptocurrency companies. can approve on their behalf. For example, Coinbase and OKX work with Archax for their campaigns in the UK.
Binance announced that it will cooperate with the Rebuilding Society for advertising activities in the country. A few days ago announced.