Wealth Managers in the UK Call for Regulators to Crack Down on Crypto

[kreslik.news]

Executives atWealthify, Nutmeg, and Scalable Capital have called on the UK’s Financial Conduct Authority (FCA) to take a tighter stance on cryptocurrency regulations, warning that unsuspecting crypto users are at risk of losing their money.

At the moment, wealth managers are closely regulated by the FCA; cryptocurrencies remain virtually untouched by the regulator.

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