UK Regulator Warns Crypto Exchange FTX Is Providing Services Without Authorization

UK Regulator Warns Crypto Exchange FTX Is Providing Services Without Authorization


Britain’s top financial regulator, the Financial Conduct Authority (FCA), has issued a warning about cryptocurrency exchange FTX operating in the U.K. without authorization. “Almost all firms and individuals offering, promoting or selling financial services or products in the U.K. have to be authorized or registered by us,” said the regulator.

FCA Warns About FTX Operating Without Authorization

The U.K. Financial Conduct Authority (FCA) published a warning on its website Friday regarding crypto exchange FTX. The regulator detailed:

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We believe this firm may be providing financial services or products in the U.K. without our authorization.

The FCA explained that FTX is not authorized but is targeting investors in the U.K. Firms carrying out specific crypto asset activities in the U.K. must comply with the amended “Money

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