๐๐ฌ๐ง Hey Turkish crypto friends! The UK's Financial Conduct Authority (FCA) added Huobi and KuCoin to its warning list! ๐ฑ Why? Due to false marketing concerns in the UK! ๐ผ๐
Huobi has denied operating and marketing in the UK. KuCoin, on the other hand, has committed to making its products and services compliant with the laws and regulations in each country. ๐๐
The FCA's warning list now includes 147 companies and penalties for non-compliance can range from takedown requests for websites and apps to unlimited fines and even imprisonment. ๐ฒ๐ฐ
๐ฌ๐ง Compliance challenges for crypto businesses in the UK continue with increasing regulations. What are you thinking? We are waiting your comments! ๐ฌ๐ข#crypto#regulation#Huobi#KuCoin
Huobi has denied operating and marketing in the UK. KuCoin, on the other hand, has committed to making its products and services compliant with the laws and regulations in each country. ๐๐
The FCA's warning list now includes 147 companies and penalties for non-compliance can range from takedown requests for websites and apps to unlimited fines and even imprisonment. ๐ฒ๐ฐ
๐ฌ๐ง Compliance challenges for crypto businesses in the UK continue with increasing regulations. What are you thinking? We are waiting your comments! ๐ฌ๐ข#crypto#regulation#Huobi#KuCoin