Huobi, KuCoin and more than 140 other cryptocurrency trading platforms are included in the UK FCA warning list

律动BlockBeats · 2023-10-09T08:23:11.000Z

BlockBeats news, on October 9, according to Cointelegraph, the British financial market regulator FCA (Financial Conduct Authority) updated its warning list on October 8, adding 143 new entities, including mainstream cryptocurrencies such as Huobi and KuCoin. trading platform. These trading platforms are labeled as "unauthorized" institutions, and the FCA warns consumers to "avoid dealing with these companies". Under UK regulations, companies permitted to conduct crypto-asset activities must be registered with the FCA or obtain provisional operating status. Additionally, the FCA revealed that it had received 291 registration applications since 2020, but only approved 38 of them, or about 13%. Currently, the FCA’s list of registered cryptoasset providers includes 42 entities including Bitstamp, Revolut and Gemini.

According to BlockBeats, on October 9, Cointelegraph reported that the UK Financial Markets Regulator FCA (Financial Conduct Authority) updated its warning list on October 8, adding 143 new entities, including mainstream cryptocurrency trading platforms such as Huobi and KuCoin. These trading platforms are marked as "unauthorized" institutions, and the FCA warns 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 since 2020, a total of 291 registration applications have been received, but only 38 of them have been approved, about 13%. Currently, the FCA's list of registered crypto asset providers includes 42 entities such as Bitstamp, Revolut and Gemini.