The UK Clamps Down on Cryptocurrency Operations

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UK cryptocurrency clamp downWe’re used to hearing about regulation by now. But most of the news that makes the headlines comes from the United States SEC and its latest statements or subpoenas. However, it seems that the United Kingdom is following suit. The country’s financial regulator and markets watchdog, the Financial Conduct Authority (FCA), says there are now 24 pending investigations into cryptocurrencies, according to Citywire. Regulatory Action Could be Taken The FCA confirmed that it has looked into at least seven whistle-blower reports regarding cryptocurrency operations so far this year. The aim is to assess whether or not these companies are engaged in regulated activities without the

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