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Crypto exchanges are about to face revised AML rules in the U.K. Are they ready?

Quick Take

  • Existing crypto businesses in the U.K. must be registered with the U.K.’s Financial Conduct Authority by January 10, 2021, or cease their operations
  • While some exchanges are getting ready, others don’t appear to be keen on registering
  • Will the rules force crypto businesses out of the country?
Existing crypto businesses in the U.K. must be registered by January 10, 2021, or cease their operations. Are major exchanges, such as BitMEX and Deribit, looking to get registered with the U.K. FCA?

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