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The UK regulator, the Financial Conduct Authority (FCA), has blocked Rebuilding Society from approving cryptocurrency promotions as new rules come into effect. Last week, Binance had chosen Rebuilding Society to approve its UK marketing. This move by the FCA comes as they release stringent promotional guidelines to enhance investor protection in the UK crypto market. In other news, Ether is losing ground to Bitcoin as investors seek refuge in the more widely-held digital asset. Additionally, investors are showing a preference for market-based security for cryptocurrencies rather than relying on legal protections.
Investors Prefer Market-Based Security For Crypto To Legal Protections https://t.co/ausx0XFLg7 https://t.co/GpJAyDJSsn
Ether is ceding ground to market bellwether Bitcoin with investors seeking refuge in the most widely-held digital asset https://t.co/4WsrLNtL1N
Ether is ceding ground to market bellwether Bitcoin with investors seeking refuge in the most widely-held digital asset https://t.co/PCgw8WF4uj
Crypto marketing in the UK undergoes a transformation as the FCA releases stringent promotional guidelines to bolster investor protection https://t.co/hauyYFH8fe
UK regulator the Financial Conduct Authority has blocked Rebuilding Society from approving crypto promotions as its new rules come into effect. @binance had selected the firm to approve its UK marketing last week. @BrandyBetz reports. https://t.co/HpzsUtzOfQ
ICYMI: Binance’s UK approver hit with FCA restrictions days after partnership announced https://t.co/3qo81Xabzz
UK financial regulator blocks company from approving Binance marketing https://t.co/ttrDzktCLn https://t.co/n3p1t7JeJW