CEX.io, a centralized cryptocurrency exchange, has recommenced operations in the United Kingdom after a temporary suspension in 2023. The platform paused its services to comply with the Financial Conduct Authority’s (FCA) new Regime of Financial Promotions policy. Rich Evans, the managing director at CEX.io, mentioned in a Cointelegraph Q&A that the exchange voluntarily halted operations for UK customers in October 2023. The UK regulatory landscape has been evolving, with new laws introduced to clarify crypto requirements and encourage registration of crypto firms. Despite the perceived strictness of the FCA's regulations, they aim to safeguard consumers and promote informed investment decisions. Other companies like Nexo, PayPal, and Bybit also made adjustments to comply with the FCA guidelines. This move aligns with the UK's efforts to establish a more stringent regulatory framework for crypto-related businesses. Read more AI-generated news on: https://app.chaingpt.org/news