UK regulators are increasingly shinning the spotlight on cryptocurrency businesses to root out bad actors. Combating Cryptocurrency Scams According to The Telegraph, the Financial Conduct Authority has initiated 87 investigations into cryptocurrency businesses over the last 12 months. This figure represents a 74% increase from the number of inquiries recorded as between October 2017 and October 2018. These 87 investigations range from early-stage inquiries to full-on law enforcement action. This uptick in regulatory scrutiny comesRead MoreThe post FCA Cryptocurrency Scam Probes Up 74% in 12 Months appeared first on Bitcoinist.com.
