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2019-10-07 12:56:52

FCA crypto investigations rise by 75 percent; proposes crypto derivatives ban

FCA crypto investigations have risen by seventy-five percent (75%) in the United Kingdom, as reported by the UK Financial Conduct Authority (FCA). This rise reflects the increasing tightening of the crypto sector regulations in the country. With scrutiny on the rise, more than 87 crypto companies were under the lens this year compared to a mere 50 in the year 2018. As per Pinsent Masons, a global legal company, such as increase, depicts the way the U.K. is viewing cryptocurrency-related firms, especially after July’s renewed crypto regulations. FCA crypto investigations shows a no-nonsense approach The increase in crypto investigations shows