OKX and Binance will abide by new financial marketing laws in the UK.
Prominent cryptocurrency exchanges like Binance, OKX, and MoonPay have announced their commitment to adhere to the United Kingdom’s recently enacted regulations governing financial promotions in the cryptocurrency sector. The U.K. Financial Conduct Authority (FCA) ushered in the country’s novel Financial Promotions (FinProm) Regime on October 8th, with the aim of ensuring fairness, transparency, and integrity in cryptocurrency promotions. On October 6th, Binance unveiled a dedicated domain for its U.K. user base and formed a partnership with the local peer-to-peer lending platform Rebuildingsociety. In alignment with these compliance updates, starting from October 8th, Binance’s U.K. retail users will be redirected to a localized domain, exclusively showcasing Binance products and services that align with U.K. regulations. These offerings encompass spot and margin trading, Binance Pay, its nonfungible token (NFT) marketplace, loans, and more. However, in accordan...