{"id":86109,"date":"2023-10-23T17:43:36","date_gmt":"2023-10-23T14:43:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86109"},"modified":"2025-09-13T03:25:23","modified_gmt":"2025-09-13T00:25:23","slug":"two-solana-defi-protocols-block-british-users","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/two-solana-defi-protocols-block-british-users\/","title":{"rendered":"Two Solana DeFi protocols block British users"},"content":{"rendered":"<p>Marinade Finance, the largest DeFi protocol on the <a href=\"https:\/\/forklog.com\/en\/news\/what-is-solana-sol\">Solana<\/a> network, has restricted access to the platform for UK-based users due to \u201ccompliance issues\u201d with the rules of the <span data-descr=\"UK Financial Conduct Authority\" class=\"old_tooltip\">FCA<\/span>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/_-2YyXrZut-pN_KTybJiOAbXK2ltToiSAj2aGo9EK96-NXdY47Pr5Ma6i_vyafFR6xbghUxA1eBdkhtt0t7dbUxe8cHn222BDlf28xPAFUWIzGVsN5G9j6MDP4MjlG7pszUfVEMKZOrf5cSvYDJeGnM\" alt=\"Two DeFi protocols on Solana block British users\"\/><figcaption class=\"wp-element-caption\">Message for British users of Marinade Finance. Data: marinade.finance.<\/figcaption><\/figure>\n<p>Attempting to access the DeFi protocol&#8217;s website from the relevant IP triggers an error message with a warning.<\/p>\n<p>The developers warned that \u201cusers can withdraw liquidity, close positions, or delay withdrawals from <a href=\"https:\/\/forklog.com\/en\/news\/what-is-staking-and-how-to-make-money-from-it\">staking<\/a> via the <span data-descr=\"software development kit\" class=\"old_tooltip\">SDK<\/span>.\u201d For more information, project representatives asked that inquiries be sent by email.<\/p>\n<p>According to DeFi Llama data, Marinade&#8217;s total value locked (TVL) is $245.39 million. The overall Solana TVL stands at $349.33 million.<\/p>\n<p>The largest decentralized exchange on Solana\u2014Orca Finance\u2014has also implemented geoblocking for the United Kingdom. Orca&#8217;s TVL exceeds <a href=\"https:\/\/defillama.com\/protocol\/orca\">$49 million<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/lAhZbLKMVNoJpHGZsnOzvVdrhUPIKQktThvGm7Of-VyPr12H_JXXgIOr_CmU5cxnhFplGB_opnzVI3Id9qjAoRLm2mFbyxwxXx_0boTX9qR-xDE71XhJbzWRt7oxGoL1DpGUS18MnCiW48MzOPiuUtE\" alt=\"Two Solana DeFi protocols block British users\"\/><figcaption class=\"wp-element-caption\">Message for British users of Orca Finance. Data: orca.so.<\/figcaption><\/figure>\n<p>The site issues a message almost identical to Marinade&#8217;s. To exit open positions and withdraw liquidity, the platform team has created a dedicated tool.<\/p>\n<p>On October 8 in the United Kingdom, <a href=\"https:\/\/forklog.com\/en\/news\/under-the-new-rules-how-crypto-firms-prepared-for-the-new-regime\">began to take effect<\/a> a new regime for cryptocurrency advertising. The FCA began labeling companies that do not comply with the rules.<\/p>\n<p>Under the new rules, anyone wishing to promote digital assets must be \u201cauthorised or registered by the FCA, or their campaign must be approved by an authorised firm.\u201d<\/p>\n<p>Non-compliance is treated as a criminal offence and carries \u201can unlimited fine and\/or imprisonment of up to two years.\u201d<\/p>\n<p>As reported, in light of the new rules for promoting digital assets, Bybit <a href=\"https:\/\/forklog.com\/en\/news\/australian-regulator-accuses-krakens-australian-subsidiary-of-margin-trading-violations-bybit-to-suspend-uk-operations-and-other-crypto-industry-developments\">announced its exit<\/a> from the UK market.<\/p>\n<p>Later the FCA <a href=\"https:\/\/forklog.com\/en\/news\/binance-trouble-in-the-uk-bitstamp-exits-canada-and-other-crypto-industry-developments\">restricted<\/a> the operations of Binance&#8217;s partner in the United Kingdom \u2014 Rebuilding Society.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Marinade Finance, the largest DeFi protocol on the Solana network, restricted access to the platform for UK users due to &#8216;compliance issues&#8217; with FCA rules.<\/p>\n","protected":false},"author":1,"featured_media":86110,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1726,1159,810],"class_list":["post-86109","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-fca","tag-solana-sol","tag-united-kingdom"],"aioseo_notices":[],"amp_enabled":true,"views":"38","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86109"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86109\/revisions"}],"predecessor-version":[{"id":86111,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86109\/revisions\/86111"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86110"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}