United Kingdom: Adopted FCA restrictions on rebuildingsociety.com over cryptoassets financial promotion
Description
Adopted FCA restrictions on rebuildingsociety.com over cryptoassets financial promotion
On 10 October 2023, the UK Financial Conduct Authority (FCA) imposed restrictions on "rebuildingsociety.com Ltd", a peer-to-peer platform, preventing it from approving cryptoasset financial promotions. The measure restricts the website's ability to promote investments in unregistered cryptoasset firms, including its partner Binance.
Original sourceScope
Policy Area
Content moderation
Policy Instrument
Content moderation regulation
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Implementation Level
national
Government Branch
executive
Government Body
other regulatory body