WazirX Resumes Operations After Extended Suspension as UK FCA Cracks Down on Unregistered Crypto Platforms

Indian cryptocurrency exchange WazirX has officially resumed full operations, concluding a suspension that lasted over a year. The platform, which faced regulatory scrutiny and operational challenges during its hiatus, has now restored trading services for its user base, marking a significant milestone in its efforts to comply with evolving financial regulations in India. Meanwhile, in the United Kingdom, the Financial Conduct Authority (FCA) is intensifying its oversight of digital asset exchanges operating without proper authorization. The regulatory body has initiated actions against several platforms, including HTX, for failing to meet registration requirements designed to protect investors and ensure market integrity. This crackdown underscores the FCA’s commitment to enforcing compliance in the rapidly growing crypto sector, aiming to mitigate risks such as fraud and money laundering. Industry observers note that these developments highlight a broader global trend toward stricter regulatory frameworks, which could shape the future landscape of cryptocurrency exchanges by promoting transparency and security for users worldwide.