Binance will temporarily stop accepting new customers in the UK due to a restriction imposed by the Financial Conduct Authority (FCA) on its operating partner. Existing registered users who have completed the necessary requirements can still access the platform's services. Binance is working with the FCA to minimize the impact on traders. The FCA has implemented stricter promotion rules for digital asset service providers, and non-compliance can result in penalties and inclusion on the regulator's warning list. Binance hired Rebuildingsociety.com to help comply with FCA rules, but the FCA later restricted the firm's authority to approve communications for crypto platforms. This suspension by Binance in the UK reflects increased regulatory scrutiny for the platform. Binance is also facing legal challenges from the SEC and CFTC regarding its alleged operation as an unregistered exchange.
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