UK Watchdog Audit of UK Cryptocurrency Groups Steep Hike

The FCA progressively takes hard line onto crypto companies to protect investors from Cryptocurrency Scams.   According to the Financial Conduct Authority estimation, consumers have lost at least £27m in crypto and foreign-exchange scams. This figure shows that there is a 74% increase from the number of inquiries recorded as compared to those recorded between … Read moreUK Watchdog Audit of UK Cryptocurrency Groups Steep Hike

FCA warns after £27m lost to crypto and forex investment scams

The UK’s financial watchdog FCA has warned of the development of fraudulent online trading platforms following the reported variety of cryptocurrency and international exchange scams greater than tripled in the past fiscal year to over 1,800. The FCA was probing the possible damage done to customers using crypto assets like bitcoin, an electronic money that … Read moreFCA warns after £27m lost to crypto and forex investment scams