REGULATORY RESTRICTIONS
FCA Restricts Rebuildingsociety.com, Impeding Binance's UK Compliance Efforts
The UK's Financial Conduct Authority (FCA) has imposed restrictions on Rebuildingsociety.com Ltd, a peer-to-peer lending platform, impacting its recent partnership with crypto exchange Binance for complying with the FCA's marketing regime. The regulation mandates firms to ensure transparent and fair marketing, affecting Binance’s strategy to serve the UK market. The move showcases the FCA's stringent stance towards ensuring marketing compliance, especially within the crypto sector.
dYdX to Exit Canadian Market
Cryptocurrency derivatives exchange dYdX is set to exit the Canadian market due to regulatory restrictions. The exchange will stop onboarding new Canadian users and move existing users to "close-only mode" over the next seven days, allowing them to only withdraw funds. dYdX is hoping for a change in the regulatory climate to resume services in the country.
dYdX to Exit Canadian Market Amid Regulatory Restrictions
Cryptocurrency derivatives exchange, dYdX, is withdrawing its services from Canada due to increased regulatory restrictions. The exchange will halt new user onboarding on April 7 and move existing users to "close-only mode" on April 14.
Russian Top Digital Bank Tinkoff Explores Crypto Investment Services
Despite Russia’s Central Bank imposed ban and restrictions on cryptocurrency usage in the country, Tinkoff bank is examining potential cryptocurrency investments services to offer to its clients.