UK financial regulator blocks company from approving Binance marketing

FILE PHOTO: Signage for the Financial Conduct Authority , the Britain's financial regulatory body, is seen at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville/File PhotoLONDON :Britain's financial regulator on Tuesday said it was stopping peer-to-peer platform rebuildingsociety.com from approving financial promotions for Binance and other crypto asset firms, days after Binance announced it had partnered with the company.

The FCA recently introduced new rules around cryptoasset promotions, which came into effect on Oct. 8. The watchdog, which has long warned investors that they should be ready to lose all of their investments in cryptoassets, said rebuildingsociety.com can appeal the decision.

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