Marinade Finance, the largest decentralized finance (DeFi) protocol on the Solana (SOL) network, has blocked access to users in the UK.
Marinade Finance, UK back step threw. According to current information, users in the UK have been blocked from accessing Marinade Finance’s official website.
UK financial regulator FCA, 8 October tightened on cryptocurrency regulations had implemented it. DeFi It is thought that the protocol decided to block access because it has compliance concerns with the regulations in question.
In the warning message on Marinade Finance’s UK extension site, users that they can withdraw their assets or their staked assets It was stated that they could take it back.
According to on-chain analysis platform DefiLlama data, the total locked asset (TVL) value on Marinade Finance is approx. $257 million It is at the level. This amount makes Marinade Finance the protocol with the highest TVL on the Solana network. Solana’s total DeFi TVL $360 million It’s around.
On the other hand, the largest decentralized exchange (DEX) in the Solana network Orca Financerecently blocked access to the site for users in the UK.
Among the strict rules implemented by the FCA on October 8, there are important articles regarding the marketing and promotion of cryptocurrency products. In total, which still cannot achieve regulatory compliance 143 institutions FCA’s in the warning list It is located.