ChainCatcher news, Hong Kong virtual asset exchange EX.IO (Thousand Whales Technology (BVI) Limited) has obtained approval from the Hong Kong Securities and Futures Commission (SFC) to operate a virtual asset trading platform under Type 1 (Securities Trading), Type 7 (Providing Automated Trading Services) licenses, and in accordance with the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO).

ChainCatcher news, centralized cryptocurrency exchange CEX.IO has officially resumed its business operations in the UK. The company stated that its registration process now meets the compliance requirements of the UK's Financial Conduct Authority (FCA).CEX.IO had previously voluntarily suspended its services in the UK due to the FCA's implementation of new crypto asset financial promotion regulations in October 2023. The UK was one of CEX.IO's key markets, with local users accounting for 69% of its total customers in the European Economic Area before the suspension, and trading volume had increased by 26.9% month-on-month.Currently, the company offers 190 digital assets in the UK.

ChainCatcher news, the Federal Deposit Insurance Corporation (FDIC) has requested that the cryptocurrency exchange CEX.IO stop claiming that the dollars in its wallets are insured by the FDIC. The FDIC stated that a section of the CEX.IO website incorrectly indicated that "the dollars held in your CEX.IO fiat wallet are FDIC insured, up to $250,000 per account," while in fact, "this statement has no qualifications, clarifications, or limitations, nor is there any insured deposit institution or agency related to this statement." (source link)