Binance Exchange has launched a new feature in the UK, with cognizance of its regulatory troubles. With this in mind, the largest exchange by trading
Binance has launched a new domain for UK users, this time with extra care to remain in compliance with regulations. The exchange partnered with a UK player for marketing and communications for its expertise in the new Financial Promotions Rules. However, certain offerings have also been stricken off the catalog for the country’s users. Changes implemented beginning October 8. Targets only retail users covered under the new Financial Promotions Regime.
Nevertheless, the exchange’s bone of contention with the US Securities and Exchange Commission continues to abound, despite the involvement of stablecoin issuer Circle. The Exchange is also facing multiple charges for law violations, including facilitating trades in crypto that the SEC deemed “unregistered securities”, such as Solana , Cardano and the Binance stablecoin BUSD.
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