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Regulators are hunting dodgy cryptocurrency firms on UK’s Wall Street

Monday, November 26, 2018 by Piyush Suthar | Comments

Home News Tech Regulators are hunting dodgy cryptocurrency firms on UK’s Wall Street

It’s not just US regulators intent on cleaning up the blockchain industry. In the UK, financial regulators are closing in on more dodgy cryptocurrency businesses than ever before. In fact, since May, the UK’s Financial Conduct Authority (FCA) has lodged 26 inquiries with firms it suspected to be operating within financial services sector without permission, reports the Telegraph. Freedom of Information requests revealed the number of FCA investigations into cryptocurrency businesses has doubled this year, already reaching 50. Industry insiders are doing their part as well – whistleblowers from blockchain firms have made themselves heard for the first time in years.…

This story continues at The Next Web

Authored by Piyush Suthar
Pro Blogger


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