FTX CEO Sam Bankman-Fried expressed his surprise at the FCA’s warning.
While the SBF disagreed with the warning, it promised to comply with the regulator’s requirements and fix the problems.
FTX CEO Speaks About FCA’s Warning
FTX CEO Sam Bankman-Fried said the tensions with UK regulator FCA were unexpected. Because the two sides had been in communication for a while.
The regulator recently emphasized that FTX does not have the necessary license to offer crypto products and services in the country.
Speaking to the Financial Times, SBF noted that the FCA has been in discussions about licensing crypto companies for some time. That’s why he was surprised that the regulator warned FTX
The 30-year-old billionaire said that whatever the reason, they will meet the obligations of the regulator:
“We believe we are in compliance with UK regulations. But if we get any guidance from regulators, we will take direct action as always.”
It is worth remembering that firms wishing to provide crypto services in the UK must first register with the FCA and then accept anti-money laundering procedures.
