While KuCoin and HTX (formerly Huobi) have been flagged as “non-authorized firms” in the United Kingdom, other crypto companies have complied with new rules.
Crypto firms such as Binance, OKX and MoonPay have announced they’ve been working to comply with the United Kingdom’s new financial promotion rules.Major global cryptocurrency exchanges like Binance and OKX have announced that they’re working to comply with new financial promotion regulations in the United Kingdom.
In line with the compliance update, Binance’s U.K. retail users will be redirected to a localized domain starting from Oct. 8, which will only show Binance products and services that are permitted in compliance with U.K. regulations. Such products will include spot and margin trading, Binance Pay, its nonfungible token marketplace, loans and others.
The changes will only apply to retail users in the U.K. and will not affect users who are exempt under the new FinProm rules, including certain institutional and professional investors.a statement on FinProm compliance on Oct. 6 as well. The exchange said it had reduced its token offering to around 40 assets and adopted eye-catching risk warnings on its interface.
Additionally, OKX has launched a dedicated U.K. account on X . The firm has promised to mention the products and services that will comply with new U.K. regulations on the social media page.
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