UK financial regulator blocks company from approving Binance marketing

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NS child killer Penny Boudreau and the path to eventual release | SaltWireLONDON -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.

A Binance spokesperson via email on Tuesday said that the company had invested"an enormous amount of time and resources" in ensuring that it is compliant with the Financial Conduct Authority's rules. "We shared our agreement with Rebuildingsociety.com with the FCA on Oct. 2, almost a full week before the requirements of the updated Financial Promotions Regime came into effect," the Binance spokesperson said.

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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