2018-11-26 14:09 |
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. …
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