The United Kingdom’s Financial Conduct Authority (FCA) has published a list of 143 entities, including top crypto exchanges like HTX and KuCoin, operating within its jurisdiction without authorization.
The warning categorically stated that U.K. residents must “avoid dealing” with these firms because they would not be covered by the Financial Ombudsman Service or Financial Services Compensation Scheme (FSCS) if things go wrong.
The regulator further reiterated that all financial firms in the UK must be authorized or registered with it.
Per the FCA’s register, only 42 firms, including Bitstamp, eToro, Paysafe, Komainu Revolut, and Gemini, are approved to provide crypto-related activities within the region.
HTX and KuCoin were yet to respond to CryptoSlate’s request for comment as of press time.
Exchanges forced to comply with FCA’s financial promotions regime
Meanwhile, the FCA’s new publication is approaching the Oct. 8 deadline set for crypto entities to comply w
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