CEX.io cryptocurrency exchange has been temporarily registered as a cryptoasset business by the FCA until 9th July 2021, pending the determination of our application by the Financial Conduct Authority (FCA).
After getting approved by FCA, CEX.io would be much more dependable and this would allow people to buy cryptocurrencies on CEX.io with trust.
CEX.IO cryptocurrency exchange submitted its FCA application to register with the FCA well before the required deadline of December 16, 2020 and they are in the late stages of the process. The final decision has not been reached however.
To allow cryptoasset companies to carry on their activities while their applications are pending, the FCA announced a temporary registration regime for them. Thus, CEX.io exchange is authorized to continue serving its customers while waiting for FCA to review their application.
We have been told that CEX.io will share any future updates to the application status as soon as further information becomes available. This is a great news for UK users currently using CEX.io. You can buy cryptocurrencies without any fear. Just do regular KYC and start buying any coin or token with fiat or bank transfer.