FCA tackles ‘operational backlog’ with 100 crypto staff
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The UK’s financial watchdog, the FCA, says it’s aiming to approve more crypto firms after previously rejecting up to 86% of applicants.
The UK’s financial watchdog, the FCA, says it’s aiming to approve more crypto firms after previously rejecting up to 86% of applicants.
The UK’s Financial Conduct Authority (FCA) has been criticized by the National Audit Office for acting too slow to enforce crypto laws.
Crypto exchange Poloniex has been added to the FCA’s naughty list after a string of curious hacks on Justin Sun’s entities.
Crypto promotions came under the FCA’s remit earlier this month and it has highlighted three red flags that it will be cracking down on.
The FCA’s warning list shows “details of unauthorized firms and individuals that we’re aware of, that aren’t allowed to operate in the UK.”