TechFlow news, according to CoinDesk, Lucy Castledine, head of consumer investments at the UK Financial Conduct Authority (FCA), said that despite new marketing rules taking effect on October 8 requiring certain overseas cryptocurrency exchanges to register with the FCA, progress on registration by these exchanges has been slow.
"There are some overseas firms not complying with the new rules. The issue is that their information for registering with the FCA is also incomplete. We will issue warnings to firms failing to comply and take action as appropriate, including removing their online presence."
Previously, the FCA announced it would begin enforcing rules on "crypto product marketing" from August 8, including banning referral payments and requiring FCA registration.
