Bitcoin
$ 35,964
Ethereum
$ 1,238.5
Litecoin
$ 143.99

The FCA Has Carried Out Inquires on Cryptocurrency Firms in The UK

The Financial Conduct Authority (FCA), a financial regulatory body in the United Kingdom, has conducted 87 inquiries into cryptocurrency companies so far this year, according to a Financial Times report. This is a 74% increase in the number of inquiries the FCA made between January and October of last year. 

Join the fastest growing network on Telegram

The inquires the FCA has made includes both “early-stage scrutiny” as well as “full-blown enforcement investigations,” according to the Financial Times. David Heffron, a partner at the Pinsent Masons law firm, tells the Financial Times that the increased scrutiny “reflects the FCA’s increasingly hands-on and no-nonsense approach to enforcing the law in the cryptocurrency market”

It was previously reported that the FCA was stepping up its scrutiny of the cryptocurrency space. In July, the regulatory body posted two job listings for candidates with in-depth crypto knowledge.

About the author

A Nice Man

Related Posts

Leave a Reply

Newsletter

Subscribe To Newsletter

For updates and exclusive offers, enter your e-mail below.

Popular Posts

Facilitating E-commerce through Blockchain
January 17, 2021By
Huobi Set For US Return after Acquisition Of Nevada Trust License
January 17, 2021By
Federal banks can challenge patents: US Supreme Court
January 17, 2021By

Advertisement

Video Posts

In
Facilitating E-commerce through Blockchain
January 17, 20210
In
Potentials of Educacoin
January 17, 20210

Crypto Stats


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin35,964 0.22 % 1.03 % 6.34 %
Ethereum1,238.5 0.28 % 0.58 % 2.31 %
Tether0.9982 0.01 % 0.58 % 0.38 %
Polkadot17.82 2.01 % 2.59 % 91.02 %
XRP0.2782 0.40 % 2.36 % 12.71 %
Cardano0.3896 0.40 % 1.08 % 27.23 %
Litecoin143.99 0.52 % 1.13 % 15.97 %
Chainlink23.35 0.36 % 14.44 % 43.53 %
Bitcoin Cash489.16 1.65 % 1.05 % 19.16 %
Binance Coin46.56 0.45 % 6.58 % 9.33 %