<ul><li>The UK's Financial Conduct Authority (FCA) is investigating TikTok for potentially running an unlicensed crypto exchange.</li><li>The FCA has raised concerns that TikTok Coins could be used for money laundering activities and to evade regulations.</li><li>A compliance consultant sent a letter to the FCA, alleging that TikTok acts as an unregistered crypto exchange.</li><li>If the FCA intervenes, TikTok's financial operations, including its virtual currency system, could be audited and subjected to regulatory laws.</li></ul>

UK Authorities Probe TikTok For Allegedly Running Unlicensed Crypto Exchange

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