Wealth Managers in the UK Call for Regulators to Crack Down on Crypto
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Wealth Managers in the UK Call for Regulators to Crack Down on Crypto
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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”The FCA is Way Too Slow”
“The FCA is way too slow,” said Richard Theo, Wealthify CEO and founder, in a report by the Financial News. “[As a regulated firm] there are a lot of tests we have to do ... (read more)
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