UK financial regulator blocks company from approving Binance marketing

The UK’s financial regulator, the Financial Conduct Authority (FCA), has prohibited peer-to-peer platforms from approving financial promotions for Binance and other unregulated crypto asset firms. This comes shortly after Binance announced its partnership with a peer-to-peer platform. The FCA’s decision is in line with its new rules on cryptoasset promotions, which came into effect on October 8.