New Binance UK Users Will Not Be Accessed To The Exchange From October 16
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In their statement, Binance expressed their commitment to working closely with the FCA to ensure the welfare of their users amidst these developments, and they are actively pursuing a new FCA-authorized firm to facilitate financial promotion approvals as soon as possible.
As the regulatory landscape in the crypto industry evolves, Binance’s decision to halt new Binance UK users’ registration underscores the need for compliance with the ever-changing rules and regulations within the cryptocurrency sector. Existing users are encouraged to review Binance’s risk warnings and gain a better understanding of the specific cryptoassets they wish to invest in.
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