Binance Unveils New UK Domain, Strengthening Regulatory Compliance

Contents

01

Binance's UK Domain: Compliance & Commitment

02

A Seamless Partnership for Compliance

03

What's New for UK Retail Users？

04

A Commitment to Global Compliance

Binance's UK Domain: Compliance & Commitment

In a significant move towards enhanced compliance with UK financial regulations, Binance, the world's leading cryptocurrency exchange, has announced the launch of its brand-new UK domain. This development aligns perfectly with the recently updated Financial Promotions Rules.

Highlighting Binance's commitment to adhering to regulatory standards globally, the new UK domain promises to offer an array of services specifically tailored for the UK market, ensuring that they align seamlessly with the country's regulations.

A Seamless Partnership for Compliance

Central to this compliance initiative is Binance's strategic partnership with Rebuildingsociety.com Limited. As an FCA-regulated firm, Rebuildingsociety.com is distinguished as an 'S21 approver', granting them the authority to give the nod to crypto marketing and communications materials. This collaboration plays a pivotal role in ensuring that all of Binance's marketing and communications initiatives meet the stringent standards set by the UK's regulatory body.

What's New for UK Retail Users？

From the 8th of October 2023, UK retail users logging on to Binance will be directed to www.binance.com/en-GB. This dedicated UK domain will prominently feature a curated list of Binance products and services that adhere to UK regulations. Some of the highlighted services include:

• Fiat and crypto deposits and withdrawals

• Spot Trading

• Margin Trading

• Convert

• NFT marketplace

• Binance Pay

• Crypto Loans

• Launchpad

However, in light of these regulatory requirements, Binance has also highlighted certain services that will no longer be available to UK retail users. These include:

• Gift Cards

• Academy

• Research

• Feed

• Referral bonuses

Notably, these changes are exclusively for retail users in the UK. Other users, particularly certain institutional and professional investors, who fall under exemptions in the new Financial Promotions Regime, will not be affected by these changes.

A Commitment to Global Compliance

Binance's recent initiative underscores its ongoing commitment to meeting regulatory requirements worldwide. The exchange has expressed its gratitude for its partnership with Rebuildingsociety.com, emphasizing how it enables it to maintain its regulatory commitments in the UK while ensuring an uninterrupted service experience for its users.

For those interested in staying abreast of the latest Binance news and updates, the WikiFX App is a handy resource available for download at https://www.wikifx.com/en/download.html.

In conclusion, Binance's latest promotion of its new UK domain is not just a service expansion, but also a testament to the exchange's dedication to compliance and user-centric service delivery.