FCA Exposes Further Unregulated Crypto Derivatives Dealers

[kreslik.news]

British investors have been warned not to take out any cryptocurrency-related services with ‘Fair Oaks Crypto’ after the Financial Conduct Authority (FCA) on Tuesday said it had faked its authorization.

The FCA doesn’t consider cryptocurrencies themselves regulated assets, but derivatives on the back of them fall under its powers of oversight. Last month, it has named a small number of crypto-linked firms as having been accepted within its sandbox, which allows to test their solutions and business models in a live market but controlled environment.

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Fair Oaks is targeting UK investors offering a ... (read more)