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Entity to take significant action against TikTok's crypto activities by Sept 30, 2025?
2
Resolution / Starting Odds
FCA • 25%
UK Government • 25%
TikTok itself • 25%
None • 25%
Official statements from involved entities or major news outlets
Story
TikTok Accused of Operating as Unregistered Crypto Exchange in the UK, FCA Alerted to Virtual Coin System
Oct 15, 2024, 05:40 PM
TikTok is facing allegations of operating as an unregistered cryptocurrency exchange in the United Kingdom. A former compliance consultant has raised concerns in a letter to the UK's Financial Conduct Authority (FCA), suggesting that TikTok's virtual coin system and creator rewards program may fall under the definition of crypto asset-related activities. The FCA has been alerted to these claims, which could have significant implications for TikTok's operations in the UK market.
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