The Financial Conduct Authority (FCA), which is a regulator in the UK, issued a warning to FTX users on September 16. Both the Financial Services Compensation Scheme and the Financial Ombudsman Service will be inaccessible to users of this platform due to unregistered status of Cryptocurrency exchange FTX
“We have to approve or register almost all businesses and people in the UK who offer, promote, or sell financial services or goods.
This company is not approved by us, but they are going after people in the UK. You won’t be able to use the Financial Ombudsman Service or be covered by the Financial Services Compensation Scheme (FSCS), so if something goes wrong, you probably won’t get your money back” – Read More
Coin98 Launched CUSD
Coin98, the most popular wallet in Vietnam, has announced the debut of the decentralized stablecoin known as CUSD. Both of the upcoming products SpaceGate and Superlink, which were both created by Coin98 Labs, will make extensive use of CUSD as a liquidity layer – Read More