Binance Faces Hurdles Re-entering UK Crypto Market After Regulatory Changes
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Binance, the world's largest crypto exchange, is struggling to re-enter the UK market after suspending services there in October.
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The UK's Financial Conduct Authority (FCA) changed rules last year requiring crypto firms to register or partner with an approved third party.
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Binance attempted to partner with Rebuildingsociety.com, but the FCA blocked the partnership.
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At least 3 other firms declined offers to approve Binance's marketing after the FCA expressed concerns.
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A Binance spokesperson said it's inaccurate to say Binance was rejected by UK approvers and is confident of a "positive update soon."