UK Tightens Crypto Crackdown: Dozens of Exchanges Receive Warnings

The UK’s Financial Conduct Authority (FCA) is intensifying its regulatory grip on the cryptocurrency industry, issuing warnings to unregistered exchanges and launching legal action against companies operating in the country. In October alone, the FCA issued hundreds of warnings to these platforms, including Elite Bit Markets, Nexure Gainbit, Plux Crypto, and HTX. This action followed a lawsuit filed by the agency against HTX for allegedly promoting crypto services to UK residents.