FCA cryptocurrency investigations up 74% in 2019

The Financial Conduct Authority (FCA) investigations into cryptocurrency businesses have increased 74% since 2018 as the regulator seeks to cement its role in overseeing emerging technology and its operators.

FCA takes over the regulation of the crypto industry

According to Pinsent Masons, the FCA has conducted 87 active investigations, up from 50 in October 2018.

During an investigation, the FCA has the power to suspend a company and prevent it from …

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