Binance, OKX, and MoonPay comply with UK’s new financial promotion rules
Binance and OKX have introduced localized domains and reduced offerings to comply with FCA’s FinProm rules. The FCA has added other major exchanges like KuCoin and HTX to the list of “non-authorized firms.” Besides crypto exchanges, crypto money payment company MoonPay has also complied with the new regulations. Leading cryptocurrency exchanges Binance and OKX, along with crypto payment service MoonPay, have taken significant steps to adhere to the United Kingdom’s latest Financial Promotions (FinProm) Regime, enforced by the Financial Conduct Authority (FCA) on October 8. These regulatory changes in the UK are aimed at fostering transparency and fairness in promoting cryptocurrency products and services in the UK. And while some companies like Binance, OKX, and MoonPay have complied with the new regulations 143 other organizations, including Huobi and now known as HTX and KuCoin, have been added to the warning list for non-compliance....