On January 2nd, cryptocurrency exchange OKX disclosed its plans to introduce new measures, aligning with regulations outlined by the UK's Financial Conduct Authority (FCA).
EdmundOKX introduces FCA-mandated rules for UK users, requiring risk assessments through surveys. Aligned with Binance, OKX adapts operations, emphasizing responsible trading amid FCA scrutiny. Industry-wide shifts signify a move towards regulatory compliance and user-awareness in cryptocurrency trading.
Cheng YuanLeading crypto exchanges Huobi and KuCoin were among over 140 digital asset companies recently added to the UK Financial Conduct Authority's (FCA) warning list.
CatherineUsers won't have the protection of the Financial Ombudsman Service or the Financial Services Compensation Scheme (FSCS) if issues arise.
DavinA crypto project co-founded by OpenAI's Sam Altman will face an inquiry from a UK data watchdog.
dailyhodlBlair Halliday will oversee Kraken's commercial, regulatory and political relationships in the U.K.
CoindeskAs defined by the FCA, "cryptoasset activity" includes anything that involves exchanging one crypto for another or exchanging crypto for fiat and vice versa.
CointelegraphThe exchange’s Anti-FUD Fund comes shortly after KuCoin CEO Johnny Lyu’s spat with a whistleblower who claimed the exchange was insolvent.
Cointelegraph
NulltxThe Royal Mint NFT featured in a series of announcements aimed at making the U.K. a global crypto hub, with officials saying the NFT is “an emblem” of the approach the U.K. “is determined to take.”
Cointelegraph