FCA Reiterates: FTX is Unregulated in the UK

The British financial market supervisor, the Financial Conduct Authority (FCA), has issued information for FTX customers.

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"We recognise that UK customers of FTX will be concerned by news that it has filed for bankruptcy in the US and has been put into provisional liquidation in the Bahamas. Further details of what this means for FTX customers should be available in the coming days,"the regulator said.

FCA highlighted that any FTX customers who have financial concerns can receive free, impartial financial guidance from Moneyhelper.

Earlier in September this year, FCA has flagged the crypto exchange FTX for offering services in the United Kingdom without the necessary authorization.

"In the UK, regulation of cryptoassets is limited to registering of UK-based crypto-asset exchanges for anti-money laundering purposes. As a result, FTX was not authorised, regulated or registered by the FCA,"the authority added.