Centralized crypto exchange CEX.IO has officially resumed operations in the UK after meeting the compliance requirements set by the country's financial regulator, the Financial Conduct Authority (FCA). CEX.IO had voluntarily suspended its services in the UK following the implementation of new crypto asset financial promotion regulations by the FCA in October 2023.
The UK was one of CEX.IO's primary markets, with local users accounting for 69% of its total customers across the European Economic Area prior to the suspension. The exchange, which claims to have more than 15 million users worldwide, said it hopes to re-establish the UK as one of its target markets for new and existing customers.
Currently, 190 digital assets are available in the UK through CEX.IO. The exchange operates strictly within current regulations and holds 40 licenses and registrations worldwide. It also employs advanced client security measures, with responsibility to both legal standards and user trust being a top priority.
CEX.IO is still in the process of obtaining an AML registration from the FCA. However, it was able to return to the UK market through a collaboration with Gateway 21, an FCA-authorized and regulated financial promotion approver, with all services currently provided from Lithuania.
Source: https://www.theblock.co/post/316057/cex-io-uk-fca
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