The UK’s Financial Conduct Authority (FCA) has warned that cryptocurrency exchange Poloniex is operating without legal authority.
Regulatory body FCA on December 6 In the statement shared, the cryptocurrency exchange Poloniex operating without authorization and with this exchange financial losses that may occur in transactions made He emphasized that it would be outside his responsibilities.
Justin Sun’s stock market at the beginning of November $118 million was at the center of a cyber attack worth After the stock market attack had stopped withdrawals. In his statement at the end of November, Sun said that transactions had started to open.
Although the FCA chose not to share further details about why it issued the warning, this is not the agency’s first warning against the cryptocurrency industry. To obtain approval from the institution beforehand 291 cryptocurrency companies had applied, but only 38 had succeeded.
The institution in October HTX And KuCoin including well-known names such as 140 cryptocurrency companies included in the warning list.
For these warnings in general,Firms and individuals cannot promote financial services in the UK without the necessary consent or approval.” statements were included.