UK financial watchdog is investigating 50 unauthorized crypto firms
The FCA said it had opened more than 300 cases into unregistered crypto firms in the last six months, "many of which may be scams." The United Kingdom’s Financial Conduct Authority, or FCA, has announced it has 50 active investigations as part of its efforts to crack down on unregistered crypto businesses.In a Thursday announcement, the FCA said it had opened more than 300 cases on unregistered crypto firms in the last six months “many of which may be scams.” In addition, the country’s financial watchdog said it was conducting 50 active investigations — which may include criminal probes —....
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While global authorities are on their toes, FCA, the British financial watchdog, also remains active due to the risks involved in cryptocurrencies. On Friday, Financial Conduct Authority (FCA) issued a note to highlight unauthorized business companies operating in the UK. The announcement hit the Sam Bankman-Fried-led exchange, FTX, and declared the platform offers service without […]
The Superintendency of Corporations in Colombia has explained in an official note that companies in the country are legally allowed to buy cryptocurrencies, specifically bitcoin (BTC), to inject capital as long as they abide by local regulations. Colombian Watchdog: Local Firms Can Use Capital to Buy Bitcoin if Companies Demonstrate Tokens Are ‘Intangible Assets’ According to the publication, the Colombian watchdog pointed out that although crypto assets usage in the financial sectors is “still” not regulated, there are no legal prohibits to inject capital via....
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South Korea's top financial watchdog wants legal changes making it mandatory for cryptocurrency firms to report the names of customers.
U.K.’s financial regulator, the Financial Conduct Authority (FCA), has warned that 111 companies are offering crypto services in the country without proper registration. “This is a very real risk so we are worried about that,” said the regulator’s head of enforcement and market oversight. 111 Unregistered Firms Operating in the UK Britain’s financial watchdog, the Financial Conduct Authority (FCA), has identified 111 companies operating in the crypto space without necessary registration, Reuters reported Tuesday. The FCA head of enforcement and market....