Cryptocurrency Q&A
Why is KuCoin not available in the UK?
Why is KuCoin not available in the UK?
DavidJohnson
Fri Mar 29 2024
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5 answers
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I'm quite surprised to learn that KuCoin is not available in the UK. Could you please elaborate on the reasons behind this decision? As a UK-based crypto enthusiast, I'm keen on understanding the factors that have led to this exclusion. Is it due to regulatory issues, or perhaps something else? Could you also provide any alternative platforms or solutions that UK users could explore for their crypto trading needs? Thank you for your time and assistance.
5 answers
amelia_doe_explorer
Sun Mar 31 2024
The FCA's move is aimed at ensuring greater transparency and accountability in the cryptocurrency industry, protecting investors from potential fraud and abuse.
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SilenceStorm
Sun Mar 31 2024
BTCC, a UK-based cryptocurrency exchange, offers a range of services including trading, wallet storage, and more. BTCC is committed to complying with all relevant regulations and maintaining high standards of conduct.
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Martino
Sun Mar 31 2024
Cryptocurrency-related businesses operating in the United Kingdom are required to register with the Financial Conduct Authority (FCA).
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Claudio
Sun Mar 31 2024
Failure to comply with the FCA's registration requirements for crypto-related businesses could result in criminal charges being levied against the offending entities.
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CryptoMagician
Sun Mar 31 2024
In a recent update, the FCA added 143 new firms to its list of unlicensed crypto companies. Among these newly added entities are Huobi's HTX and KuCoin.
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