More than 140 cryptocurrency trading platforms, including Huobi and KuCoin, have been listed on the UK's FCA "unauthorized" institutions warning list

ChainCatcher news, according to Cointelegraph, the UK's financial market regulator FCA (Financial Conduct Authority) updated its warning list on October 8, adding 143 new entities, including mainstream crypto trading platforms such as Huobi and KuCoin. These trading platforms have been marked as "unauthorized" institutions, and the FCA warns consumers to "avoid dealing with these companies." According to UK regulations, companies allowed to conduct crypto asset activities must be registered with the FCA or have temporary operating permissions.

In addition, the FCA revealed that since 2020, a total of 291 registration applications have been received, but only 38 have been approved, approximately 13%. Currently, the list of registered crypto asset providers by the FCA includes 42 entities such as Bitstamp, Revolut, and Gemini.