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TikTok accused of operating as crypto exchange in the UK, report

A letter to the UK’s FCA claims that because TikTok is not registered with the regulator, it is at risk of being used for illicit activities.

Starling Bank banned crypto but left financial system ‘open to criminals’

Starling banned crypto transactions in 2022, describing them as “high risk and heavily used for criminal purposes.”

The FCA charged the man with document forgery alongside the illegal operation of a $3.4 million crypto ATM network.

A Freedom of Information request revealed crypto asset firms registering with the UK’s financial regulator have fallen 51% over three years.

The UK’s financial watchdog, the FCA, says it’s aiming to approve more crypto firms after previously rejecting up to 86% of applicants.