The Financial Conduct Authority (FCA) has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. crypto cryptocurrency
Britain’s top financial regulator, the Financial Conduct Authority , has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the U.K. have to be authorized or registered by us,” said the regulator.The U.K. Financial Conduct Authority published a warning on its website Friday regarding crypto exchange FTX.
The FCA explained that FTX is not authorized but is targeting investors in the U.K. Firms carrying out specific crypto asset activities in the U.K. must comply with the amended “Money Laundering, Terrorist Financing and Transfer of Funds Regulations,” and register with the FCA.
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