Tag: Poloniex

Attention: UK Regulator FCA Issues Warning Against Crypto Exchange Poloniex!

FinTelegram Charlene Lensburg - December 7, 2023

On December 6, 2023, the UK Financial Conduct Authority (FCA) issued a significant warning against the renowned cryptocurrency exchange Poloniex, its Panama-based operator Polo Digital Assets, Inc. This move highlights the increasing vigilance of global regulators towards unregistered or unregulated entities in the burgeoning crypto sector. Poloniex, one of the leading crypto exchanges globally, has come under scrutiny with the FCA's warning.

Interesting Reading: Who Controls China-Related Crypto Exchange Huobi?

Crypto William - June 2, 2023

The Hong Kong-based investment firm About Capital Management (ACM) announced in early October 2022 that it had acquired Huobi, a crypto exchange founded by Leon Li in China in 2013. The acquisition was orchestrated by Justin Sun, the founder of TRON and Poloniex. Sun assumed a position on the Huobi Global Advisory Board but said that he did not hold any controlling ownership of Huobi. In May 2023, ACM said it no longer controls Huobi; its current owners are still unknown!

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