is kucoin regulated in uk

Kucoin, a cryptocurrency platform, has been operating in the UK since 2015. The regulatory environment in the UK has been evolving over time, and as of today, the United Kingdom has no specific legislation on cryptocurrencies. However, the Financial Conduct Authority (FCA) has been working on the matter, and as of today, it has not yet published any specific regulation for Kucoin. This lack of regulation has given Kucoin the freedom to operate without any restrictions, which has led to widespread popularity in the UK. In addition to the FCA, the UK has also had to address other issues related to cryptocurrencies, such as the possibility of cyber threats, fraudulent activities, and financial responsibility. The potential impact of these risks has not yet been fully assessed, but it is clear that the UK is not yet ready to fully regulate cryptocurrencies. Despite this, Kucoin has not yet been completely shut down in the UK. The platform has been operating under a permissive license, which allows it to operate in the UK without any restrictions. However, the platform has been warned by the FCA that it should consider adopting a more rigorous license in the future.