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Crypto exchange FTX listed as ‘unauthorised’ by UK FCA

FTX Arena in Miami
Photo: Getty Images

Crypto exchange FTX has been blocked from trading in the UK in a blow to European expansion plans.

UK regulator the Financial Conduct Authority (FCA) has warned that cryptocurrency exchange FTX is “not authorized by us and is targeting people in the UK”. It has advised consumers “to be wary of dealing with this unauthorized firm”.

FTX was launched in the US in 2019 by entrepreneur Sam Bankman-Fried

FTX’s