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What major policy changes will TikTok implement in response to FCA investigation by December 31, 2025?
2
Resolution / Starting Odds
Enhanced Verification • 25%
Transaction Limits • 25%
Platform Overhaul • 25%
No Major Changes • 25%
Official announcements from TikTok or major news outlets
Story
UK FCA Investigates TikTok Coins for Money Laundering as Users Flip Coins
Oct 18, 2024, 06:15 AM
The UK's Financial Conduct Authority (FCA) has initiated an investigation into TikTok Coins, citing concerns over potential money laundering activities. The FCA alleges that major money laundering organizations might be exploiting the platform by converting virtual coins into real cash. Users are flipping virtual coins for real cash, with the platform reportedly operating under the radar, raising alarms about its potential misuse.
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Similar markets
Cease crypto-related activities • 25%
Modify virtual coin system • 25%
No changes made • 25%
Other actions • 25%
Significant operational changes • 25%
Minor adjustments • 25%
No changes • 25%
Other outcome • 25%
Implement stricter data policies • 25%
Pay a fine • 25%
Shut down US operations for users under 13 • 25%
Other • 25%
Content moderation changes • 25%
Algorithm adjustments • 25%
User interface changes • 25%
No major changes • 25%
Enhanced parental controls • 25%
Stricter age verification • 25%
Increased data protection measures • 25%
All of the above • 25%
Yes • 50%
No • 50%
Stricter age verification • 25%
Parental consent for accounts • 25%
Enhanced privacy settings • 25%
Other • 25%
No changes • 25%
Operational restrictions • 25%
Fines imposed • 25%
Ban from EU market • 25%
Increase in lobbying efforts • 25%
Partnerships with U.S. companies • 25%
Operational changes • 25%
No significant change • 25%
Relocate operations • 25%
Seek legal action • 25%
Negotiate with U.S. government • 25%
Other actions • 25%