TechFlow reports that the UK financial regulator, the Financial Conduct Authority (FCA), has added 143 cryptocurrency trading platforms to its warning list.
The list includes unauthorized firms that customers "should avoid," encompassing major exchanges such as HTX and KuCoin.
In the UK, companies permitted to "carry out crypto asset activities" must be registered with the FCA or granted temporary permission to operate. The FCA revealed that since 2020, it has received 291 registration applications, approving 38 of them—approximately 13%.
To date, the FCA's registered crypto asset providers list includes 42 entities, such as Bitstamp, Revolut, and Gemini.
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