Generated by TLDR This:
The UK’s financial regulator has warned consumers against dealing with FTX, the cryptocurrency exchange run by billionaire Sam Bankman-Fried, in the latest clash between British authorities and offshore digital asset companies.
“This firm is not authorised by us and is targeting people in the UK,” the statement said.
FTX did not immediately respond to a request for comment.
Crypto exchange and wallet providers have to register with the FCA for anti-money laundering supervision if their digital asset activity is “carried on by way of business in the UK”, according to an FCA guide.
FTX’s European division this month announced that Cyprus’s financial regulator had granted it an investment firm licence, as the crypto firm pushes to expand across the continent.
Jump in the discussion.
No email address required.
Jump in the discussion.
No email address required.
More options
Context