FCA - UK Regulator Deals Blow To Binance's UK Expansion Plans | Benzinga
The UK's Financial Conduct Authority (FCA) has imposed limitations on the peer-to-peer lending platform, Rebuildingsociety, the same platform that had collaborated with crypto exchange Binance (CRYPTO: BNB) to adhere to the FCA's advertising standards.
The FCA on Oct. 10 released a notice stating that Rebuildingsociety lacked the authorization to "approve the content of any financial promotion for a Qualifying Cryptoasset for communication by an unauthorized person."
This development might indicate that Binance could be without a UK partner that aligns with the FCA's advertising guidelines, which were implemented on Oct. 8.
This evolving landscape in the crypto world will be a topic of interest at Benzinga's Future of Digital Assets conference ...