FCA Reveals Ongoing Probes Into 50 Crypto Firms

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• 1 min read

The FCA said that in just six months, it investigated 300 cases related to unregulated crypto asset businesses
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The FCA said that in just six months, it investigated 300 cases related to unregulated crypto asset businesses

The Financial Conduct Authority (FCA) has revealed it is currently investigating 50 cryptocurrency firms, which it said included “criminal probes” into “unauthorised businesses.”

The regulator also revealed that in the six months to September last year, it investigated 300 cases related to unregulated crypto asset businesses. It added that many of the cases could be linked to fraudulent...

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