Financial Conduct Authority (FCA) UK blacklists more than 140 crypto exchanges, including MAJOR players: Huobi HTX and KuCoin. From now on, in the UK, crypto firms must be registered with the FCA to operate. Otherwise, they face potential criminal prosecution. PayPal has already temporarily stopped crypto transactions for UK users until they become FCA compliant. Bybit, a Dubai-based cryptocurrency exchange, had already suspended its services in the UK in September, citing changes in legislation.
#CryptoNews #blockchain #cryptocurrency #Crypto2023