UK’s FCA blacklisted major crypto exchange Kraken

[mlawson71]

Kraken may be one of the largest exchanges in the cryptocurrency industry, but that did not stop the British regulator Financial Conduct Authority (FCA) to blacklist it in the UK for providing financial services in the country without its authorization.

The FCA issued a fairly standard warning that lists the domain of the offending party, some email addresses and phone numbers that allegedly belong to Kraken. The domain was correct, but Kraken claims that those emails and phone numbers are not theirs, which is a strange detail to get wrong – and also a strange detail to deny in case it is not actually wrong.

Kraken also clarified that its futures trading platform called CryptoFacilities is already registered in the UK.
Source

It will be interesting to see how this kerfuffle will end.

 

[KeanieBaddly]

Kraken may be one of the largest exchanges in the cryptocurrency industry, but that did not stop the British regulator Financial Conduct Authority (FCA) to blacklist it in the UK for providing financial services in the country without its authorization.

The FCA issued a fairly standard warning that lists the domain of the offending party, some email addresses and phone numbers that allegedly belong to Kraken. The domain was correct, but Kraken claims that those emails and phone numbers are not theirs, which is a strange detail to get wrong – and also a strange detail to deny in case it is not actually wrong.

Kraken also clarified that its futures trading platform called CryptoFacilities is already registered in the UK.
Source

It will be interesting to see how this kerfuffle will end.

The UK govt hates the fact they can't tax and control cryptos. That's what's going on here. They're feverishly looking into ways of doin' both, using all the powers of the State they can throw at the problem.

 

[mlawson71]

I have little doubt that they are not the only government with that attitude.

 

[KeanieBaddly]

I have little doubt that they are not the only government with that attitude.

Absolutely, I reckon there is a chill wind blowing through many a Central Bank and Inland Revenue/Internal Revenue Service across the globe.

 

[Loveislife]

So thats why BTC and Altcoin prices were down suddenly.......

 

[mlawson71]

I saw. Everything seems to be falling like a rock, it's terrifying.

 

[KeanieBaddly]

I saw. Everything seems to be falling like a rock, it's terrifying.

Fear of coronavirus is suddenly everywhere. My concern is if the powers that be are starting to show they are worried about the situation enough to affect the markets the way it has, then the reality is likely MUCH worse than they are letting on.

Sars and bird flu passed me and mine by barely noticed. But my sister went to the largest Asda in the borough today to find the shelves stripped bare of all bog roll and hand sanitizer. Ireland is closing all kiddie nurseries, northern Italy is under quarantine, cruise lines cancelling all bookings, and the only time I can remember US airspace closed to EU traffic was after 9/11.

As you say, mlawson71, things are not good.

 

[mlawson71]

Here they are enacting pretty severe quarantine measures too. The truth is, I'm scared. I'm scared for my family and for the future.

 

[mohanterence]

Verry scary, seems to be falling. But hey that's me.