With the introduction of regulations on cryptocurrencies by the UK, some cryptocurrency exchanges were placed on the “warning list”.
Cryptocurrency regulation prepared by the UK Financial Services Authority (FCA) on October 8 came into force. With the start of the application Including HTX (formerly Huobi) and KuCoin 143 institutions while being included in the warning list Binance And OKX including 42 cryptocurrency companies comply with regulations was among those operating.
In total 143 institutions in the warning list “You should avoid doing business with this company” The statement was included. Acting in compliance with the FCA 42 cryptocurrency companies while we passed August from the month It was emphasized that it has not changed since then.
FCA cryptocurrency exchanges and companies, what they offer Be clearer about products and services While waiting, especially about cryptocurrencies severe restrictions on advertising activities brought.
Regulatory authority to companies that do not comply with new regulations Sanctions up to serious fines It was announced that it could be implemented. FCA Crypto Financial Promotions Leader, who announced last July Jayson Probin He made the following statements:
We will take strong action against anyone making illegal promotions to UK consumers. Measures may include placing these companies on our warning list and requesting the removal and sanctions of their websites, social media accounts, applications and all other infringing promotions. But the measures will not be limited to these.
OKX 7 October In his statement on the day, within the scope of the new cryptocurrency regulations in the UK, to policy change He announced that he was leaving. Binance, which made a similar statement recently, what to do under the new rules He had given space.