FCA Warns of Cryptocurrency Dealers as Europe Officials Weigh Regulation

[kreslik.news]

The Financial Conduct Authority (FCA) issued a warning to British investors today about two cryptocurrency companies which are not authorized to provide ‎‎investment services in the country – Local Bitcoin Ltd and BK Coin.

The warning comes as European finance ministers are scheduled to discuss cryptocurrency next week to investigate benefits and risks, and consider how the new assets should be regulated.

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The UK has so far taken a watchful approach. The FCA itself doesn’t consider cryptocurrencies to be regulated assets, but derivatives based on them fall under its powers of oversight. ... (read more)