Binance stops accepting new UK customers effective today
The exchange announced shortly before end of business in the UK that it would cease accepting new customers from the country.
FCA policy, institutional products, startups, and the UK’s digital asset regulatory roadmap.
The regulator stated that all financial firms serving UK customers must be authorized or registered with it.
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The declining British pound could be pushing investors to Bitcoin as an alternative store of value, hedging against further depreciation.
The partnership allows Zodia Custody users to trading their assets without the need for actual transfers on Bitfinex.
The cloud mining service is discontinuing services in the United Kingdom ahead of new FCA regulations.