The UK’s Financial Conduct Authority (FCA) has
issued a warning, cautioning against engaging with LYKKE due to the exchange’s
potential unauthorized financial promotions. The regulator mentioned that the
crypto exchange was promoting financial services or products without obtaining
the required authorization from the regulatory body.
The FCA’s alert provides specific details about the
unauthorized firm, LYKKE, warning individuals and firms against engaging with
it. The firm operates under the name LYKKE. This includes a cautionary list of
contact details associated with LYKKE, including email addresses, a website,
mobile applications, and various social media platforms.
LYKKE operates under its distinctive name across
various digital platforms. This entity can be reached through multiple contact
points, including emails associated with support, public relations, and listing
inquiries: support@lykke.com, pr@lykke.com, and listing@lykke.com.
Additionally, LYKKE maintains an official website,
accessible at https://www.lykke.com/, through which users can potentially
engage with its services. The firm extends its presence to mobile applications
available on both Apple’s App Store and Google Play, offering functionalities
for buying, selling, and investing in various assets.
Moreover, LYKKE has established a social media
footprint, leveraging platforms such as Twitter (https://twitter.com/lykke),
Instagram (https://www.instagram.com/lykkecity/), and Facebook
(https://www.facebook.com/LykkeCity) to potentially engage with users and
promote its offerings.
LYKKE https://t.co/RBPJ9CrrSz
— Jared Kirui (@JaredLopta79285) December 8, 2023
This latest warning by the FCA arrived a few days after
the regulator raised concern about Poloniex, a prominent crypto exchange,
cautioning against its operations in the UK. This warning, prompted by concerns
about the safety of financial transactions, followed Poloniex’s $100 million
hack last month.
UK Targets More Crypto Firms
The warning, unveiled on December 6, highlights the
prohibition of entities like Poloniex from endorsing financial services in the
UK. This regulatory step emphasizes the potential lack of financial law
protection for individuals engaging with unauthorized entities. Thus, the FCA
has placed Poloniex under scrutiny.
Similarly, the UK’s financial watchdog raised the alarm against Bitfinex, highlighting the potential risks linked to the crypto
exchange ‘s operations. The FCA’s cautionary warning, issued in October, pointed
out the likelihood of the company promoting financial services without official
authorization.
In response to the FCA’s actions, Bitfinex expressed
disappointment, highlighting their proactive measures in attempting to meet the
FCA’s requirements. Over the past few months, Bitfinex has reportedly engaged
in detailed discussions with the FCA, taking steps to align with regulatory
demands.
The UK’s Financial Conduct Authority (FCA) has
issued a warning, cautioning against engaging with LYKKE due to the exchange’s
potential unauthorized financial promotions. The regulator mentioned that the
crypto exchange was promoting financial services or products without obtaining
the required authorization from the regulatory body.
The FCA’s alert provides specific details about the
unauthorized firm, LYKKE, warning individuals and firms against engaging with
it. The firm operates under the name LYKKE. This includes a cautionary list of
contact details associated with LYKKE, including email addresses, a website,
mobile applications, and various social media platforms.
LYKKE operates under its distinctive name across
various digital platforms. This entity can be reached through multiple contact
points, including emails associated with support, public relations, and listing
inquiries: support@lykke.com, pr@lykke.com, and listing@lykke.com.
Additionally, LYKKE maintains an official website,
accessible at https://www.lykke.com/, through which users can potentially
engage with its services. The firm extends its presence to mobile applications
available on both Apple’s App Store and Google Play, offering functionalities
for buying, selling, and investing in various assets.
Moreover, LYKKE has established a social media
footprint, leveraging platforms such as Twitter (https://twitter.com/lykke),
Instagram (https://www.instagram.com/lykkecity/), and Facebook
(https://www.facebook.com/LykkeCity) to potentially engage with users and
promote its offerings.
LYKKE https://t.co/RBPJ9CrrSz
— Jared Kirui (@JaredLopta79285) December 8, 2023
This latest warning by the FCA arrived a few days after
the regulator raised concern about Poloniex, a prominent crypto exchange,
cautioning against its operations in the UK. This warning, prompted by concerns
about the safety of financial transactions, followed Poloniex’s $100 million
hack last month.
UK Targets More Crypto Firms
The warning, unveiled on December 6, highlights the
prohibition of entities like Poloniex from endorsing financial services in the
UK. This regulatory step emphasizes the potential lack of financial law
protection for individuals engaging with unauthorized entities. Thus, the FCA
has placed Poloniex under scrutiny.
Similarly, the UK’s financial watchdog raised the alarm against Bitfinex, highlighting the potential risks linked to the crypto
exchange ‘s operations. The FCA’s cautionary warning, issued in October, pointed
out the likelihood of the company promoting financial services without official
authorization.
In response to the FCA’s actions, Bitfinex expressed
disappointment, highlighting their proactive measures in attempting to meet the
FCA’s requirements. Over the past few months, Bitfinex has reportedly engaged
in detailed discussions with the FCA, taking steps to align with regulatory
demands.
