Binance stated in a blog post that it will no longer accept new users from the UK starting from Monday in order to comply with UK cryptocurrency marketing rules. The exchange stated, "We are closely working with the FCA to ensure that our users are not harmed by these developments and are seeking another appropriate FCA authorized firm to approve our financial promotions as soon as possible." Under new regulations that came into effect on October 8th, companies registered with the Financial Conduct Authority (FCA) in the UK can approve their own advertisements. If they cannot do so, they can recruit authorized entities to approve them. Although Binance had worked with a company called Rebuildingsociety.com before the rules came into effect to get its promotions and advertisements approved in the UK, the FCA stated last week that the latter had no authority to approve cryptocurrency advertising.