October 16, 2023 – Binance, one of the world’s leading cryptocurrency exchanges, announced it will stop registering new users from the UK starting 5:00 PM London time today, following new regulatory guidelines in the country.
The decision is a direct consequence of the UK’s Financial Promotions Regime that became effective on October 8, 2023. The new rule mandates crypto businesses to have their financial promotions approved by a Financial Conduct Authority (FCA)-sanctioned firm. Binance had initially partnered with FCA-approved Rebuildingsociety.com Ltd (REBS) for this purpose. However, recent binding requirements imposed on REBS by the FCA have rendered it incapable of continuing its approval services, affecting its clients, including Binance.
As a result, while Binance seeks a new FCA-authorised firm to oversee its promotions, the exchange will impose certain restrictions on its platform. Existing UK-based clients who have passed the Investor Declaration and Appropriateness Test will retain access to current services but won’t be able to avail of new products or services during this period.
Binance has communicated its commitment to adhering to the FCA’s regulations and is actively engaging with the authority to ensure user interests are safeguarded during this transition. This move highlights the FCA’s rigorous stance on crypto promotion, indicating a strong focus on consumer protection in the volatile crypto market, with stringent penalties for non-compliance.
The regulatory environment in the UK continues to evolve, and firms operating in the cryptocurrency space are under increasing pressure to comply with these new rules designed to protect investors from the risks associated with crypto assets.
Top Recommended Articles
- Read Also: Best Web3 Coins To Invest In
- Read Also: Best Low Cap Crypto To Buy Now
- Read Also: Best Crypto Utility Tokens
- Read Also: Best Crypto To Buy Right Now Reddit
- Read Also: Best Crypto Under $1
- Read Also: Best Penny Crypto Coins To Invest In
- Read Also: Best Shitcoins To Buy Right Now
- Read Also: Best Crypto Presale To Buy Now
- Read Also: Best Low Supply Cryptocurrency
- Read Also: Best DeFi Coins To Buy Now
- Read Also: Best Altcoins To Invest In Right Now
- Read Also: Best Crypto ICO To Invest In
- Read Also: Next Crypto To Explode In 2023
- Read Also: Best Cryptocurrency Coins To Buy
- Read Also: New Cryptocurrencies To Invest In
Hi, I’m Ahmed Falah. I work at the intersection of technology, finance, and human well-being, exploring how emerging digital systems can create sustainable and impactful growth across businesses and society.
As a senior author at Coinography, I write deeply researched content on blockchain ecosystems, tokenomics, decentralized finance, on-chain analysis, and the societal implications of Web3. My approach blends technical clarity with purpose-driven thinking, helping readers understand complex crypto concepts in a meaningful and accessible way.
Vision & Focus
Throughout my career, I have worked closely with hedge funds, enterprises, and high-net-worth investors, helping them navigate digital transformation and develop strategies rooted in data, transparency, and sustainable growth. I see technology not merely as a financial tool but as a foundation for creating healthier, more resilient organizations.
My writing focuses on a wide range of themes, including blockchain and decentralized financial models, token utility and ecosystem design, AI and blockchain convergence, the evolution of digital market infrastructure, purpose-driven and wellness-aligned leadership, and the future of work, finance, and organizational well-being.
I am deeply committed to building systems that empower individuals and support ethical innovation. My goal is to connect technology with human values and contribute to a future where digital ecosystems uplift people, communities, and businesses in meaningful and sustainable ways.
Professional Links
Website: https://coinography.com LinkedIn: https://ae.linkedin.com/in/ahmedfalah
Let’s Connect
If you’re interested in the future of blockchain, digital transformation, decentralized systems, or well-being-focused leadership, feel free to connect with me.
