Written in CRYPTO he
The exchange Binance canceled your registration United Kingdom derived from the revisions that the international authorities initiated after the demand of the United States Securities and Exchange Commission (SEC)).
A few days ago, the digital asset management company lost its license in Netherlands and in France received a lawsuit, which has forced the company to take actions that provide it with more certainty in latitudes that have taken action as a result of the appeal filed by the US authorities.
In that sense, Binance made the decision to cancel its stake in the UK subsidiary, deregistering with the Financial Conduct Authority (FCA); This act caused the agency to issue the declaration to eliminate the authorization of the service provider. services in the European region.
According to information revealed by Be In Crypto, the subregional director of Binance for growth in the United Kingdom and Europe, Ilir Laro, pointed out that the exchange has five regulated entities in Italy, Sweden, Poland, Spain and France (in the latter it faces a legal process).
UK publishes new rules for trading cryptocurrencies
The news for the world of cryptocurrencys do not end, last week, the UK Financial Conduct Authority He pushed through an initiative to ban “refer-a-friend” bonuses.
“The new rules mean that crypto companies have to make sure that people have the right knowledge and experience to invest in crypto. Those who promote the cryptocurrencies they must also implement clear risk warnings and ensure that advertisements are clear, fair and not misleading.
The executive director of consumers and competition of the FCASheldon Mills, pointed out that many of the buyers lack the necessary information to initiate a purchase, in fact “many regret having made a hasty decision.”
The initiative seeks to ensure that people have warnings in a timely manner so that they are aware of the risk of acquiring this type of asset.
In this sense, the authority specified that the entities that commercialize cryptoactives for the consumers of the United Kingdom they must comply with the provisions of the regulations as of October 8, 2023.
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