FCA Warns Huobi, KuCoin, and Other Unregulated Crypto Companies!

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The Financial Conduct Authority (FCA) has added several crypto exchanges, including Huobi/HTX and KuCoin, to its warning list of non-authorized firms that customers “should avoid.” The FCA has previously stated that firms permitted to “carry out crypto asset activities” must either be registered with the FCA or have been granted temporary status to operate. The regulator warned that failure to comply could result in “criminal charges”. At present, the FCA’s list of registered crypto asset providers includes just 42 entities.

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