CEX.IO, a centralized crypto exchange, has recommenced operations in the UK following a 10-month suspension due to compliance with Financial Conduct Authority (FCA) laws and a partnership with Nexo.
The provisional suspension in October 2023 was a reaction to new FCA directives intended to bolster consumer safety within the cryptocurrency industry. CEX.IO currently provides access to 190 digital assets for its UK clientele, with more than 68% of its customer base located in the UK.
The exchange is now obtaining complete Anti-Money Laundering (AML) registration with the FCA. CEX.IO has re-entered the UK market through a collaboration with Gateway 21, which aids in obtaining financial promotion approvals.
The United Kingdom is reinforcing its status as a premier digital center through strategic investments and governmental measures, with London rising as a global technology capital.
The UK government’s endorsement of innovation, strong digital infrastructure, proficient workforce, and conducive regulatory framework further elevates its standing. The United Kingdom’s focus on cybersecurity and data protection fosters trust and stability for digital enterprises.
