Binance creates NFT domain for UK users

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Binance creates NFT domain for UK users

Binance has created a unique domain for its UK users that complies with the latest cryptocurrency regulations from the FCA. A crypto advocate blasted supporters of Sam Bankman-Fried, Yuga Labs has restructured and cut workers, and London's Saatchi Gallery is featuring an NFT exhibition. Binance, the world's biggest crypto exchange, has announced the creation of a dedicated domain for UK users in response to regulatory changes by the Financial Conduct Authority.

Users will be able to access only services that comply with the new regulations, which took effect on October 8. Binance's CEO, Changpeng Zhao, is currently being sued by U.S. regulators, where DL News has reported that criminal charges may also be under consideration.

Crypto advocate and lawyer John Deaton railed against supporters of the founder of FTX, Sam Bankman-Fried, who is on trial for fraud and conspiracy.

FloorDAO is now split into two separate companies, with the project being led by FLOOR token investors who have differed with its direction, CoinDesk reported.

With the help of its NFT finance team, FloorDAO has given away $2.5 million of its treasury in NFTs and tokens to a disaffected splinter group, known as FloorkDAO, consisting of activist investors and others who opted to leave.

Yuga Labs, the company behind Bored Ape Yacht Club and other NFT projects, said it has restructured the company and reduced its workforce.

London's Saatchi Gallery is hosting a collection of NFT art titled at the time when the digital art market has collapsed, Decrypt said.

The artist Leo Crane said it was 'amazing to be under the Saatchi name' and to participate in the exhibition.

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