Playing by the rules is the key for exchanges to survive intensified regulatory pressure, and it looks like there are some new rules in the UK.
Binance and OKX, the world’s leading cryptocurrency exchanges, are working to ensure their operations comply with the updated Financial Promotions (FinProm) Regime in the UK.
On Oct. 6, Binance introduced a new domain for UK retail users in partnership with Rebuildingsociety.com, an FCA-authorized peer-to-peer lending firm.
Binance and OKX to Comply with Updated Rules
According to the announcement, the UK-specific domain only displays Binance products and services permitted in the UK, including fiat/crypto deposits and withdrawals, spot and margin trading, crypto conversion, Binance Pay, crypto loans, NFT marketplace, and launchpad.
Products and services that fail to comply with the regulations, including gift cards, academy, research, feed, and referral bonuses, are not available on the new…
