Quantcast

UK’s stringent crypto regulations spark debate as exchanges struggle to gain FCA approval

Mercurity Fintech to build $200 million SOL treasury with backing from Solana Ventures Ltd.
Out with gold, in with Bitcoin: India's ultra-rich are betting everything on crypto
Trump’s media company reports $2B in Bitcoin after crypto bills pass US House
UK to sell $7.2 billion worth of Bitcoin (BTC)
BloFin Adds Apple Pay Support; An Even Smoother Crypto Buying Experience for Traders
Bitcoin creator Satoshi Nakamoto is the world’s 11th richest person
Binance Launches TGE Bonding Curve with Four.Meme: Everything You Need to Know
Bernstein expects 'long and exhausting' crypto bull market with bitcoin to hit $200,000 by early 2026
Strategy bags another $472M in BTC as Bitcoin jumps to new highs
Bank of England puts a stop to stablecoins: here's why
UAE Golden Visa is ‘being developed independently‘ — TON Foundation
SEC Sets July Deadline for Solana (SOL) ETF Refilings, Clearing Path for Pre-October Approval
Robinhood's OpenAI-linked token drop triggers demand debate
US Secret Service cracks down on crypto scams
Donald Trump Signs His “One Big Beautiful Bill” Budget Law — What’s the Takeaway?
Crypto exchange OKX wants to go public on Wall Street
Federal Reserve removes 'reputational risk' from bank examinations in a 'win' against crypto debanking
India wants 30% of your crypto gains, but that’s not the worst part
This payment giant announces a stablecoin for 6 million merchants and 10,000 financial institutions
Bitcoin at $21 million by 2046? Michael Saylor revises his predictions upwards
JPMorgan files trademark application for JPMD, citing multiple blockchain use cases
Geopolitical tensions: Gold soars, Bitcoin hesitates
Bitcoin on the rise, towards a new ATH likely
Gemini, Coinbase expected to secure EU licenses under MiCA — Report
Justin Sun lance une Tron Treasury Company avec le soutien de la famille Trump
Negative Rates Return to Switzerland as U.S. Faces Higher Yields. What Does it Mean for Bitcoin?
300 million euros: The Blockchain Group continues to raise funds to accumulate as many Bitcoins as possible
Quintenz says CFTC will need more funding if tasked with broader crypto oversight
These cryptocurrencies are experiencing a massive price increase!
This project combining stablecoin and Bitcoin (BTC) raises $500 million in less than an hour
UK’s stringent crypto regulations spark debate as exchanges struggle to gain FCA approval
Webp 1
London Skyline | Unsplash

The UK cryptocurrency market continues to pose challenges for exchanges as they adapt to stricter regulatory requirements. Cryptocurrency exchange Bitget recently relaunched its UK platform after halting services in May 2024 to comply with the UK Financial Conduct Authority’s (FCA) Financial Promotions regime. This relaunch reflects Bitget’s efforts to align with the FCA’s evolving standards, aimed at enhancing consumer protection in the digital asset space.

Bitget’s return to the UK was facilitated by a partnership with Archax, an FCA-authorized reviewer who oversees adherence to the FCA's financial promotion guidelines. The collaboration underscores the importance of FCA compliance for exchanges seeking to operate in the UK’s regulated environment.

London-based fintech Revolut has also made a move in the market by launching Revolut X, a cryptocurrency exchange tailored for experienced traders. As one of the first banks to establish a dedicated crypto exchange, Revolut’s platform aims to cater to rising consumer interest while adhering to regulatory standards, highlighting the intensifying competition within the UK's crypto sector.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

However, the FCA’s stringent oversight remains a barrier for many larger exchanges. In the fiscal year ending March 31, 2024, the FCA reviewed 35 crypto firm applications and approved just four, indicating the challenges of meeting the agency’s high compliance standards. This cautious approach has prompted some criticism from industry observers.

"The UK has never been friendly to crypto, so I’m not surprised about this outcome," said crypto enthusiast John Johnsie on X, commenting on the low approval rate and its impact on innovation within the UK.

Despite significant investments in compliance efforts, including Binance’s $213 million outlay in 2023 to enhance AI tools and expand compliance staffing, regulatory approval remains challenging. Bybit, another major exchange, has also adapted its UK operations to meet FCA requirements, but like Binance, continues to face regulatory hurdles. These challenges highlight the complexities exchanges encounter in navigating the UK’s rigorous financial landscape.

Organizations Included in this History
More News

Binance has announced an expansion of its institutional off-exchange settlement services, introducing support for two tokenized real-world assets, USYC and cUSDO, which can now be pledged as collateral.

Jul 28, 2025

Vitalik Buterin, co-founder of Ethereum, has said that approximately half of the network's stake supports an increase in the Ethereum Layer 1 (L1) gas limit.

Jul 28, 2025

Michael Saylor, executive chairman of Strategy, formerly known as MicroStrategy, announced on X that the company’s bitcoin holdings increased by 6,220 BTC, resulting in a year-to-date yield of 20.8 percent for 2025.

Jul 28, 2025

Changpeng Zhao, founder of Binance, indicated that interest in altcoins might be on the rise as CoinMarketCap's Alt Season Index shows an upward trend.

Jul 28, 2025

Charlie Bilello, chief market strategist of Creative Planning, said that gold and bitcoin lead all major asset classes in performance for 2025, marking a unique occurrence.

Jul 18, 2025

Binance has announced an update to the collateral ratios for several assets under its Cross Margin platform, set to occur between July 25 and August 1.

Jul 18, 2025