The UK Financial Conduct Authority (FCA) issued a statement about the unauthorized activity of Bahamas-based cryptocurrency exchange FTX and warned users.
FCA 16 September In a statement published on its official website on operating license or license that there is no stated. What issues does the institution oppose to British citizens who will continue to invest through the firm despite this? they should pay attention and how to protect themselves told.
In the statement, FTX is not authorized, so citizens in case of a negative To the Financial Ombudsman Institution application rights won’t be Moreover From the Financial Services Compensation Plan they cannot take advantage of specified. The FCA also allows citizens to have a problem with FTX. It is unlikely that they will get their money back. especially highlighted.
FCA, on the other hand, is authorized to citizens. with licensed companies suggested their work. The institution can also be used if investors work with a company with a Financial Services registry. under the protection of the law will be and worrying about their deposits He said it wouldn’t be necessary.