UK Finance Watchdog Warns Against ‘Unauthorized’ Crypto Exchange BitMEX
The Financial Conduct Authority said BitMEX had been targeting U.K. consumers without approval.
The firm became Britain's first FCA-approved crypto hedge fund last July.
The U.K. is ordering GPay to shut down on allegations that 108 clients lost £1.5 million, or $2 million, through the crypto exchange.
The Financial Conduct Authority is seeking to oblige more firms, including some working with cryptocurrency, to report how they manage the risks of financial crime.
The Financial Conduct Authority wants six months to review and ask follow-up questions to crypto businesses applying to operate in the U.K.
The United Kingdom’s Financial Conduct Authority is asking investors to watch out for coronavirus-related crypto scams.