Bitcoin Alert from UK: “This Exchange is Unauthorized!”

UK’s financial regulator Financial Conduct Authority (FCA) continues his negative attitude towards the crypto money industry and companies.

FCA recently warned FTX, one of the leading exchanges in the cryptocurrency market.

Bahamian-based crypto exchange FTXClaiming that .

In its warning, the FCA claimed that FTX may be providing financial services or products in the UK without authorization.

FTX warning the investors FCAreminded investors that if things go wrong, they will not get their money back and will not benefit from the protection of the Financial Services Compensation Program.

“We believe that FTX may be providing financial services or products in the UK without our permission.

Because almost all companies and individuals that offer, promote or sell financial services or products in the country must be authorized or registered by us.

However, FTX is not authorized by us and is aimed at investors in the country.

In this context, we remind you that if things go wrong, you will not get your money back and you will not be able to benefit from the protection of the Financial Services Compensation Program.

Check that companies are authorized or registered by the FCA to protect yourself against adverse events.”

As will be remembered, the FCA cryptocurrency carries out a strict control mechanism against its companies. In this context, FCA became the world’s largest cryptocurrency exchange last year. BinanceHe also warned about the license.