SBF Surprised by FCA’s Warning Against FTX, Says They’ve Been in Talks

Despite not agreeing with the FCA’s warning, Sam Bankman-Fried vowed to abide by the regulator’s requirements and settle the issues. Sam Bankman-Fried – Co-Founder and CEO of FTX – said the tension between his company and the top financial watchdog in the UK – the FCA – was unexpected. In his words, the two sides have been discussing regulatory requirements “for a while.”

Earlier this week, the British agency insisted that FTX does not have the necessary license to offer its crypto products and services in the country. In an interview for The Financial Times, Sam Bankman-Fried revealed that FTX and the UK FCA have been “in a discussion about licensing for a while.” As such, he was surprised that the watchdog alerted British consumers that the exchange lacks the authorization to operate in the Kingdom. He further explained that the agency might have wanted to warn people about scams.


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