Loading...
Market
TikTok to suspend UK virtual coin system by June 30, 2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Official statements from TikTok 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.
View original story
Similar markets
Cease crypto-related activities • 25%
Modify virtual coin system • 25%
No changes made • 25%
Other actions • 25%
Legal settlement • 25%
Court ruling • 25%
Regulatory compliance adjustment • 25%
No resolution • 25%
