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FCA too slow on crypto enforcement, says UK’s spending watchdog

The UK’s Financial Conduct Authority (FCA) has been criticized by the National Audit Office for acting too slow to enforce crypto laws.

Justin Sun’s Poloniex added to UK regulator warning list

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.”

The UK’s financial regulator FCA issued a severe warning to all crypto firms: fall in line or risk getting thrown in prison.