The information on this site is not directed at residents of the United States, Canada, Singapore, Japan, Korea, Australia, and New Zealand or any particular country or jurisdiction where such distribution or use would be contrary to local law or regulation.Binance Pay Terms of Use Last updated: JEffective date: J1. Neither the firm nor investments in cryptoassets are regulated by the Financial Conduct Authority, nor covered by the Financial Ombudsman Service or subject to protection under the Financial Services Compensation Scheme. It is your responsibility to ascertain whether you are permitted to use the services of Binance based on the legal requirements in your country of residence. Before trading, please take into consideration your level of experience, investment objectives, and seek independent financial advice if necessary. You should not invest more than you can afford to lose and you should ensure that you fully understand the risks involved. Trading cryptocurrencies involves significant risk and can result in the loss of your capital. Nest Services Limited, trading as Binance, is the entity ultimately responsible for the Binance Services offered through the Platform. If there are any queries, please reach out to our Customer Support team by clicking the ‘Support’ button at the top of the navigation bar and going to ‘Support Live Chat’. We are working closely with the FCA to ensure that our users are not harmed by these developments and are looking to find another suitable FCA authorised firm to approve our financial promotions as soon as possible. and latest version of our Mobile App) during the period until Binance onboards with a new FCA authorised approver and has its financial promotions reapproved.įrom Monday 16 October 2023 at 5pm UK time, Binance will stop accepting new UK users.īinance will continue to ensure all our risk warnings are in place and encourage existing users to read ‘ Take 2 mins to learn more ’ and ‘ Different Cryptoasset Risks ’.īinance encourages existing users to read the ‘Info’ tab before investing in a specific cryptoasset on the Spot Exchange to further their knowledge of the specific cryptoasset.Įxisting UK users will retain the current services available (providing they have completed their Investor Declaration and Appropriateness Test) but any new products and services will not be made available during this interim period. However, there will be some temporary restrictions coming into effect on our Platform (i.e. On 10 October, the FCA imposed legally-binding requirements on REBS, which meant that REBS was no longer able to approve financial promotions and with effect from 5pm on 11 October 2023 REBS had to withdraw any existing approvals of financial promotions on behalf of any cryptoasset businesses (including Binance).īinance is currently looking for a new FCA authorised approver. We engaged FCA authorised firm, Ltd (‘REBS’), to review and approve our UK financial promotions in compliance with the new rules. These new rules allow unregulated overseas firms, like Binance, to promote their cryptoasset businesses in the UK by engaging with a firm authorised by the Financial Conduct Authority (‘FCA’). The UK Financial Promotions Regime for qualifying cryptoassets came into effect on 8 October 2023.
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