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Binance Killed Staking For The UK By Order of The FCA
About 9-10 days ago, Binance stopped staking for UK residents, which looks to be because of the FCA's demand. I can't find any official articles on the FCA's website saying that this is the case but I did find numerous articles from the past 2 years talking about the FCA cracking down on finance.
Recently our friend over @BinanceStuff covered this story as soon as it occurred and has since put out a follow-up explaining the situation with Binance and the FCA.
Please watch the videos below, and if you're in the UK, consider sending off an email -- your voice matters! You'll find a copy of his letter in the first video below. Tweak it slightly, as he suggests, and let them know you do not want your staking right trampled on.
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Video With the Action letter For The FCA, please Watch it: https://www.youtube.com/watch?v=sfClmd88dpo
Video When Staking Stopped: https://www.youtube.com/watch?v=T200wHChbtA
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A special thanks to @BinanceStuff for letting me link to this and for providing a process to get your voice out. I also think he's a good dude, doing good work to help people avoid scams, so consider subscribing to his channel as well.
Going forward, I think you will start seeing more anti-staking issues worldwide, and it's important that we are a voice of reason when it comes to this topic.
Nothing in this video is financial advice. Always do your own research.
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