FCA Investigating 24 Unregulated Cryptocurrency Businesses

[kreslik.news]

The Financial Conduct Authority, the UK’s financial watchdog, is currently conducting investigations into 24 different cryptocurrency businesses, according to the Financial Times.

In addition to this, seven whistleblower reports have been opened against cryptocurrency businesses so far in 2018.

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The information was shared as a result of a Freedom of Information request by an accountancy and consulting firm.

The firms under investigation are unregulated. The investigations are to ascertain if they are conducting activities that require regulation: “If we conclude that they are, then we may investigate and take action, identifying and determining the ... (read more)