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On October 8th, the FCA updated its warning list of non-authorized firms that consumers should steer clear of. This update included a total of 143 new entities, some of Extracto：The UK's FCA flags Huobi, KuCoin, and over 140 crypto exchanges as non-authorized. British investors are advised to avoid these firms to protect their funds and prevent potential However, in the U.K, firms permitted to “carry out crypto asset activities” must either be registered with the FCA or have been granted temporary status to operate. The FCA now requires all crypto platforms targeting local consumers to clearly display risk warnings and implement 24-hour cooling-off periods before new users can trade. On Sunday, October 8, the UK’s top regulatory agency – the Financial Conduct Authority (FCA) – issued a warning list to some of the top crypto exchanges like FCA adds 143 exchanges, including Huobi-HTX and KuCoin, to the warning list. Only 13% of crypto registration applicants since 2025 received FCA approval. PayPal and

UK FCA Advises Crypto Investors to Avoid Huobi, KuCoin & 140+ Exchanges

The UK's Financial Conduct Authority (FCA) has issued a stark warning to British crypto investors: steer clear of Huobi, KuCoin, and over 140 other crypto exchanges. This alert comes as the FCA cracks down on unregistered crypto platforms targeting UK consumers, aiming to protect investors from potential financial harm.

On October 8th, the FCA updated its warning list of non-authorized firms that consumers should steer clear of. This update included a total of 143 new entities, some of which are prominent crypto exchanges. The FCA now requires all crypto platforms targeting local consumers to clearly display risk warnings and implement 24-hour cooling-off periods before new users can trade. The increased scrutiny comes as only 13% of crypto registration applicants since 2025 received FCA approval, highlighting the rigorous standards required to operate legally in the UK.

According to an extract, the UK's FCA flags Huobi, KuCoin, and over 140 crypto exchanges as non-authorized. British investors are advised to avoid these firms to protect their funds and prevent potential financial losses. On Sunday, October 8, the UK’s top regulatory agency – the Financial Conduct Authority (FCA) – issued a warning list to some of the top crypto exchanges like Huobi-HTX and KuCoin.

FCA adds 143 exchanges, including Huobi-HTX and KuCoin, to the warning list. In the U.K, firms permitted to “carry out crypto asset activities” must either be registered with the FCA or have been granted temporary status to operate. While established payment systems like PayPal are regulated, the FCA's focus is on ensuring crypto exchanges adhere to UK regulations to safeguard investors.

If you're a UK-based investor, it's crucial to verify whether your crypto exchange is registered with the FCA or holds temporary authorization. Failure to do so could expose you to significant financial risk. Always prioritize platforms that demonstrate compliance with UK regulations.

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