UK financial watchdog investigates 50 crypto firms

posted 8 months ago
The UK’s financial watchdog is reportedly investigating 50 crypto-related firms, which is double last year’s amount. It suspects these firms are operating without permission in certain financial service subsectors

The FCA’s Christopher Woolard said “We’re concerned that retail consumers are being sold complex, volatile and often leveraged derivatives products based on exchange tokens with underlying market integrity issues.”
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