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Zenger
Zenger
Lennox Kalifungwa

FCA Intensifies Scrutiny On Crypto Sector; Exchanges Face Regulatory Backlash

FCA KuCoin Crypto Huobi United Kingdom Justin Sun HTX Zenger News
FTX logo displayed on a phone screen and representation of cryptocurrency. UK's FCA intensifies scrutiny on Cryptos. JAKUB PORZYCKI/NURPHOTO VIA GETTY IMAGES.

LONDON — The U.K. Financial Conduct Authority (FCA) has intensified its scrutiny on the cryptocurrency sector.

Exchanges including Huobi and KuCoin, among several others, have been highlighted for offering their services to U.K. residents without the necessary regulatory permissions.

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