NiceHash
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NiceHash, a cloud-based cryptocurrency mining platform, has informed its users via email that it will cease providing services in the United Kingdom (UK) starting from October 10th (local time). After this date, UK users will be unable to create new accounts, and certain functions like fund transactions, deposits, and withdrawals will be restricted.
NiceHash attributes the decision to discontinue UK services to changes in the regulatory environment within the country. The move comes in response to forthcoming regulations from the UK's Financial Conduct Authority (FCA) regarding the advertising and promotion of cryptocurrency services, set to go into effect in October.
NiceHash has expressed its intention to resume services in the UK as soon as possible, but this will likely depend on regulatory developments and compliance with the new rules established by the FCA. The cryptocurrency industry is continually evolving, with regulatory changes impacting various aspects of the sector in different regions around the world. 🇬🇧💼 #NiceHash #CryptocurrencyRegulation #UKCrypto
NiceHash attributes the decision to discontinue UK services to changes in the regulatory environment within the country. The move comes in response to forthcoming regulations from the UK's Financial Conduct Authority (FCA) regarding the advertising and promotion of cryptocurrency services, set to go into effect in October.
NiceHash has expressed its intention to resume services in the UK as soon as possible, but this will likely depend on regulatory developments and compliance with the new rules established by the FCA. The cryptocurrency industry is continually evolving, with regulatory changes impacting various aspects of the sector in different regions around the world. 🇬🇧💼 #NiceHash #CryptocurrencyRegulation #UKCrypto