ChainCatcher reported that according to Cointelegraph, the UK financial market regulator FCA (Financial Conduct Authority) updated its warning list on October 8, adding 143 new entities, including mainstream crypto trading platforms such as Huobi and KuCoin. These trading platforms were marked as "unauthorized" institutions, and the FCA warned consumers to "avoid dealing with these companies." According to British regulations, companies allowed to conduct crypto asset activities must register with the FCA or obtain temporary operating qualifications.
In addition, the FCA also revealed that it has received a total of 291 registration applications since 2020, but only approved 38 of them, or about 13%. Currently, the FCA's list of registered crypto asset providers includes 42 entities such as Bitstamp, Revolut and Gemini.
