Chinese blockchain journalist Colin Wu (WuBlockchain) reported that the UK Financial Conduct Authority (FCA) has added 143 more organizations to its warning list. It is worth noting that among the organizations added to the warning list are two cryptocurrency exchanges, formerly known as Huobi and now known as HTX, and KuCoin.
HTX and KuCoin Included in Warning List
The UK Financial Conduct Authority added 143 more organizations to its warning list on October 8th. With these recent additions, the number of organizations on the warning list has reached 12,206.
It is noteworthy that among the recent additions to the warning list are two important cryptocurrency exchanges. The UK Financial Conduct Authority has included the exchange formerly known as Huobi and now known as HTX, as well as KuCoin, in the warning list.
KuCoin and HTX’s Activities in the UK Are Now at Risk
The warning list of the UK Financial Conduct Authority, an independent regulator and supervisory authority responsible for regulating and overseeing the financial services sector in the United Kingdom, indicates companies that are operating without the necessary permissions and are of concern. Accordingly, these companies are closely monitored, and steps are taken to ensure that necessary measures are taken.
The UK Financial Conduct Authority, which has many responsibilities such as regulating financial markets, protecting consumers, ensuring stable financial markets, supervision and monitoring, licensing and authorization, ensures that companies wishing to provide financial services meet certain standards and comply with legal requirements.
The inclusion of KuCoin and HTX in the UK Financial Conduct Authority’s warning list means that they are operating in the UK without the necessary permissions. This situation indicates that the activities of both cryptocurrency exchanges in the country are currently at risk and could be terminated if they fail to meet the requirements.
