Quote from: bramborakymilenec on March 07, 2020, 05:03:01 PM

Quote from: jimsteel on March 05, 2020, 01:33:49 PM

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.

I think we will see more of this in the future, clearly banks do not like exchanges as they are struggling to deal with them and make their cut. Nice article though, I'll expect more in the next month hitting other exchanges.

Banks do not like exchanges but I doubt if they can hold against oh for long. Look at what is happening now. My thought is that people now resort to these exchanges to safe keep their financial assets.