UK regulators have blocked Binance’s attempts to market itself to British consumers under the latest clampdown on the crypto industry.
The world’s biggest cryptocurrency exchange, which has frequently clashed with the Financial Conduct Authority, had tried to navigate new industry standards which came into force on Sunday by teaming up with a locally regulated firm.
However, on Tuesday the FCA said Rebuildingsociety.com, Binance’s Leeds-based partner, had been added to its list of regulated companies forbidden from promoting crypto services in the UK.
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