Which Crypto Exchanges Have Been Approved Following New UK FCA Regulations. Top UK exchanges 2024

Given the crackdown on cryptocurrency in the UK and a lot of countries, the recent legislation, the difficulty finding a decent centralised exchange, on ramping, off ramping using fiat currency.

Which exchanges can and can’t you use following these new UK crypto regulations?

That’s what I cover in this video and include useful links to below.

It has never been more important to educate yourself financially.

Contact me here if you are interested in working with me:
https://www.facebook.com/jameskaylive
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Check out my previous three UK regulation videos:
1) New Cryptocurrency Regulations Come Into Force In The UK:

2) New Crypto Regulations Being Implemented in the UK From April 2024:

3) New UK Stablecoin Regulations:

Useful links:
FCA: Financial Services Register:
https://register.fca.org.uk/s/

FCA: Registered Cryptoasset firms:
https://register.fca.org.uk/s/search?predefined=CA

Chapters:
0:00 – Intro and Revolut
1:57 – FCA
2:33 – Bybit
3:20 – Kraken
4:18 – Coinbase & OKX
5:02 – Crypto.com
5:16 – Uphold, CoinJar, Bitstamp & Paypal
6:05 – Binance
6:56 – Closing thoughts

Disclaimer:
The information contained in this video is for informational purposes only. Nothing shall be construed as financial advice. The content is solely the opinions of the speaker who is not a licensed financial advisor. The speaker does not guarantee any particular outcome.

#crypto
#uk
#cryptoregulation
#cryptoexchange

Given the Crackdown on crypto in the UK and in a lot of other countries the recent regulations the difficulty finding a decent centralized exchange that works on ramping off- ramping using fiat currency Etc I thought it’ be a good idea to put together a video to look at which crypto exchanges are and

Aren’t working for users in this rapidly changing and increasingly regulated space and if you haven’t watched my first few videos on the crypto regulations in the UK K the changes to tax reporting of crypto and the proposed stable coin legislation then you can check these out in the description here

To this video but this is obviously very fluid and changing all the time given the new regulations came into place on the 8th of October 2023 with a final deadline of January 2024 for many crypto firms to fall in line with the UK government and fca’s regulations and a

Good example of that is revolute which has just Haled crypto services to its business clients given these new FCA rules despite actually being registered with the FCA and given how quickly things are changing it would be great if this video was useful for everyone moving forward so please do add in the

Comments below if when you’re watching this video things have actually changed for that particular exchange or if you have any exchanges to add that I’ve not mentioned here or covered in this video it would also be great to hear which exchanges are operational for users around the world if you could please

Just add in the comments what country you’ve tried using that exchange from so we all know that would be great so please do like this video And subscribe to the channel so I can continue to offer more content for you in future and let’s jump straight in and take a look

At some centralized cryptocurrency exchanges in more Detail and let’s start by looking at the f CA website where you can actually search for an exchange on its Financial Services register to see if it’s regulated as you can see here and I’ll include a link to that in the description as well so you can check

That out yourself it’s pretty difficult to know exactly which crypto exchanges are authorized and which ones aren’t given there are 12,875 companies that are listed on the fca’s warning list of unauthorized firms as you can see here but you can search for them individually on the register

And I’ll show you a well-known example of an exchange that’s definitely not authorized or regulated to operate in the UK and that is bybit which is the fourth most visited exchange according to coin gecko as you can see here behind only okx coinbase and binance all of

Which I’ll mention in this video and back in September 2023 bu bit that’s based in Ju bu stated that it would no longer offer crypto services to its users based in the UK due to these new regulations coming into Force when you search for it on the FCA register you

Can see that it’s unauthorized without having to go through the trouble of trying to register on the website of an exchange to then be told you can’t use it and one centralized exchange that is regulated and is authorized in the UK is Kraken because if you go to kraken’s

Website to to the bottom of it you’ll see here in small writing that Kraken has partnered with a company called payward limited that’s based in London and when you search for this company on the FCA register you’ll see that it is authorized and registered for certain crypto asset activities and you can

Scroll down and see more detail which will tell you that it’s been registered and regulated since November 2021 and it trades under the Kraken name and I will include in the description a list of the registered cryptocurrency firms with the FCA but you’d have to check a lot of

Them out individually to see which exchange they were partnered with essentially and there’ll be advantages and disadvantages of each exchange so please as always do your own research or Dy so we’ve looked at two examples but let’s now see some more exchanges that state their authorized regulated and

Should be available for users in the UK the first one is the United States company coinbase which has partnered with UK firm ARX limited to provide its crypto Financial promotions secondly there is okx that was founded in 2017 in the SE shells which like coinbase has

Partnered with ARX in the UK to meet with the FCA requirements although okx itself hasn’t registered as a crypto asset business because it offers many other services that will be unavailable able to UK users as you can see here thirdly we have crypto.com which is also partnered with a london-based company in

The UK called Forest Dax in order to get FCA authorization and be able to offer crypto to UK users others that are approved with the UK government are uphold and you can see it’s been registered here coin jar which I believe is originally from Australia and was set

Up all the way back in 2013 you have bit stamp and PayPal although PayPal’s actually halted crypto until the 2024 deadline comes in so it can be ready for it so there are some exchanges that seem to be available to users in the UK with

A lot that are either in the process of trying to meet the fca’s registration requirements or may do so in the future or some that will end up just getting removed from the register so it is a continually changing situation but there are therefore unfortunately a lot of

Other exchanges that aren’t regulated or authorized to operate in the UK and we can’t not mention binance in this video because the world’s largest cryptocurrency exchange actually received regulatory approval from the FCA to offer crypto to UK users when it partnered with an approved uk-based company called rebuilding society.com

But the FCA then just 2 days after the regulations came into effect in October removed rebuilding society’s ability to offer Financial promotions for crypto assets and that left binance with no UK company to work with and it therefore lost its authorization since then binance has stopped accepting new UK

Users and doesn’t have an effective on-ramp or offramp for fiia in particular for the British pound although if you still have an existing account you can use its peer-to-peer Services I believe so that ends this video looking at which crypto exchanges are regulated in the UK but as always

I’d love to know what you think in the comments Below have you used any of these exchanges successfully do you have any additional crypto exchanges that I’ve not mentioned here that are available to users in the UK or around the world or which have just halted Services because I suppose after going

Through all this effort to find an exchange that you don’t mind using if you need to interact with fear currency a lot of traditional UK banks have prevented people from being able to send them money to crypto exchanges by simply blocking the transactions but I have mentioned one possible solution already

In revolute which is regulated in the UK so you should be able to transfer from your UK bank to revolute and then from revolute to an exchange in order to try and get transactions through and if you’re interested in more of a tailored approach to your crypto education and

You think you’d benefit from having someone look over your shoulder and guide you on your journey I do offer one to one coaching to those who have the desire and the means to educate themselves further and there are links in the description to this video where

You can message me and book in a free video call to see if we’d be a good fit and if you found this content interesting please do like the video and subscribe to the channel as it really does help and have a great day