The UK financial regulator, the Financial Conduct Authority (FCA), has blocked Rebuilding Society from approving cryptocurrency promotions as new rules come into effect. Rebuilding Society was selected by Binance, a crypto exchange, to approve its UK marketing last week. The FCA's restrictions on Rebuilding Society come shortly after the partnership between the two companies was announced. The FCA's move is part of its efforts to protect investors and follows the release of stringent promotional guidelines for crypto marketing in the UK.
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
📣 Latest News: UK financial watchdog restricts Binance partner from issuing crypto ads #news #cryptonews #crypto
The U.K.'s financial watchdog has blocked P2P lending platform Rebuildingsociety from issuing ads. Rebuildingsociety recently formed a partnership with crypto exchange @binance. https://t.co/XPgCwBdRFU