FCA Warns 143 Unregistered Crypto Exchanges Like Huobi and KuCoin To Halt UK Operations
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The FCA's warning list includes 143 new crypto exchanges, including major players like Huobi and KuCoin.
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Firms in the UK need FCA registration or temporary status to operate crypto activities legally.
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Since 2020, the FCA has received 291 crypto registration applications but approved only 38 (13%).
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The FCA's list of registered crypto firms currently has 42 entities, like Bitstamp and Gemini.
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PayPal and Bybit recently halted UK crypto services to figure out compliance with FCA rules.
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