So recently i saw a few articles specifically about some of biggest crypto exchanges clashing with the Financial Conduct Authority of the UK, does this worry you? Or is it normal as the establishment against crypto? Below are the two articles that I am talking about.
https://beincrypto.com/financial-watchdog-says-bitmex-in-the-uk/
- The United Kingdoms Financial Conduct Authority (FCA) has reason to believe that BitMEX has been operating without authorization in the region. The popular Bitcoin derivatives trading venue apparently does not have the required licence to operate in Britain.
https://beincrypto.com/top-uk-regulator-issues-warning-about-cryptocurrency-exchange-kraken/
- Kraken has been warned by the Financial Conduct Authority (FCA) of the United Kingdom over its business dealings in the country. The regulatory agency claims they are unauthorized to operate in the United Kingdom.
To be honest i'm a little worried that the UK is hitting those exchanges, these are some of the biggest ones and I'm a big fan of Kraken.
https://beincrypto.com/financial-watchdog-says-bitmex-in-the-uk/
- The United Kingdoms Financial Conduct Authority (FCA) has reason to believe that BitMEX has been operating without authorization in the region. The popular Bitcoin derivatives trading venue apparently does not have the required licence to operate in Britain.
https://beincrypto.com/top-uk-regulator-issues-warning-about-cryptocurrency-exchange-kraken/
- Kraken has been warned by the Financial Conduct Authority (FCA) of the United Kingdom over its business dealings in the country. The regulatory agency claims they are unauthorized to operate in the United Kingdom.
To be honest i'm a little worried that the UK is hitting those exchanges, these are some of the biggest ones and I'm a big fan of Kraken.
This is just the beginning man. We'll see WAY more regulation in the future, which is why a LOT of people is starting to speculate on DEX's and their longevity for the future. The volume on most DEX's is pretty bad, but the idea is promising. I've been playing around with a ton of DEX's, but am most excited about Blocknet's DEX, which is by far the most advanced and decentralized one I could find out there.
Stop using centralized exchanges, protect your identity.
Here's a comparison chart of the most known DEX's:
