
NiceHash becomes latest crypto firm to leave U.K.
The cloud mining service is discontinuing services in the United Kingdom ahead of new FCA regulations.
FCA policy, institutional products, startups, and the UK’s digital asset regulatory roadmap.

The FCA decried foreign companies' nonchalant attitude toward the regulations in particular, reminding the industry of stiff penalties for noncompliance.

UK lawmakers emphasized that metaverse and its associated environments are within the bill's scope.

CEO Ben Zhou contradicted previous reports, saying that "leaving the U.K. is not part of our current strategy."

The U.K.'s FCA implemented a revised financial promotions regime set to take effect in October.

Looming regulations from the Financial Conduct Authority have sparked an industry-wide slowdown of crypto services in the United Kingdom.

Bitget aims will offer prizes and rewards as part of its national tour promoting the value of market knowledge and trading proficiency.



