FCA - UK's FCA Takes Aim At Crypto Exchanges: Why Huobi And KuCoin Are Facing Scrutiny | Benzinga
The U.K. Financial Conduct Authority (FCA) has intensified its scrutiny on the cryptocurrency sector.
Exchanges including Huobi and KuCoin, among several others, have been highlighted for offering their services to U.K. residents without the necessary regulatory permissions, Bloomberg reported.
As discussions about regulatory frameworks for digital assets gain momentum globally, such developments are expected to be a focal point at the forthcoming Benzinga's Future of Digital Assets conference on Nov. 14.
From Oct. 8, the U.K. expanded its financial promotion regulations to encompass all cryptoasset service providers, irrespective of their geographical base.
The FCA now mandates all crypto platforms to present explicit risk advisories to U.K. users and adhere to elevated technical norms, which include a 24-hour waiting ...