Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»EXCHANGE NEWS»CEX.IO Resumes UK Crypto Operations After Complying with FCA Requirements
EXCHANGE NEWS

CEX.IO Resumes UK Crypto Operations After Complying with FCA Requirements

By Crypto FlexsSeptember 12, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
CEX.IO Resumes UK Crypto Operations After Complying with FCA Requirements
Share
Facebook Twitter LinkedIn Pinterest Email

CEX.IO voluntarily ceased operations in the UK last year after new rules were introduced.

Key Contents

  • CEX.IO may have met the regulatory requirements of the Financial Conduct Authority (FCA), the UK’s financial regulator.
  • In October last year, the FCA introduced new financial promotion regulations that set out stricter guidelines for promoting cryptocurrencies.
  • To comply with FCA regulations, CEX.IO was required to partner with Gateway 21, an FCA-authorized financial promotion agency.

CEX.IO may have met the regulatory requirements of the Financial Conduct Authority (FCA), the UK’s financial regulator, meaning the once popular centralized cryptocurrency exchange can now resume operations in the UK after previously being suspended.

In October last year, the FCA introduced new financial promotion regulations that seek stricter guidelines for promoting crypto assets. When the regulations came into effect, CEX.IO voluntarily ceased its services in the region. That said, despite the company’s strong presence in the UK market at the time, UK users accounted for approximately 69% of its customer base within the European Economic Area.

Additionally, CEX.IO had recorded a 26.9% growth in trading volume quarter-over-quarter just prior to shutting down its services, meaning that the exchange was undoubtedly a major force to be reckoned with in the UK crypto ecosystem.

Now that CEX.IO has complied with all FCA regulatory requirements, it will want to regain its original status as soon as possible.

How CEX.IO Meets FCA Guidelines

The FCA’s new rules on promoting cryptocurrencies come into effect on October 8, 2023. Cryptocurrency companies are required to include a cooling-off period and issue professional risk warnings to UK customers. Users are also required to complete an investor classification questionnaire and undergo an assessment. This is to ensure that users are well-prepared and have the basic knowledge necessary to invest in digital assets.

Basically, the FCA hopes that the new regulatory regime will bring more transparency and accountability to cryptocurrency marketing. Following this decision, the regulator has issued over 450 warnings on illegal cryptocurrency promotions before the end of 2023.

Meanwhile, in order to comply with the FCA’s rules, CEX.IO had to work with Gateway 21, an FCA-authorized financial promotion agency. The exchange is currently pursuing anti-money laundering (AML) registration with the FCA, but this collaboration has already allowed it to continue its services. However, all operations are currently provided from Lithuania.

Interestingly, CEX.IO is not the only crypto company using this ‘third party authoriser’ approach to enter the UK market. Like the exchange, Nexo also recently entered into a similar collaboration to re-enter the market.

Commenting on the recent developments, CEX.IO’s UK Managing Director Rich Evans reiterated that the exchange remains focused on regulatory compliance – even at the expense of company growth.

“We operate strictly within current regulations and hold 40 licenses and registrations worldwide. Our top priority has always been our responsibility to our users, even when it means sacrificing business growth,” he said in a statement.

next

disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to provide accurate and timely information, but should not be taken as financial or investment advice. Market conditions can change rapidly, so it is recommended that you verify the information yourself and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News


Mayowa is a crypto enthusiast and writer whose conversational nature is quite evident in his writing style. He firmly believes in the potential of digital assets and seizes every opportunity to replicate it. He is also a reader, researcher, insightful speaker, and budding entrepreneur. However, away from crypto, Mayowa’s favorite distractions include discussing football and world politics.

Mayo and Adebajo of X

Julia Sakovich

Julia Sakovich of X

thank you!

You have successfully joined our subscriber list.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Hyperliquid’s USDH Stablecoin is broadcast live at an early transaction volume of $ 2M or more.

September 24, 2025

The fullback of $ 16 of the chain link (link) can set a parabolic price rally.

September 18, 2025

Cardano (ADA) Signal Recovery -Is there a strong rise?

September 15, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

🔴 Cryptocurrency market overreaction?! | Cryptocurrency News of the Week – October 23, 2023

November 29, 2023

Does Kraken know the true identity of Satoshi Nakamoto?

February 6, 2025

Robinhood CEO VLAD TENEV says Crypto tokenization can secure the dominance of the US stock market.

April 2, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.