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Ethereum24h $1,887.21+0.79%

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Zcash24h $477.54-2.59%

FCA identifies three major problems with UK crypto promotions

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.

FCA crypto crackdown brings warning list up to 12,200 firms

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 club’s supporters’ trust says that the project will encourage fans to enter a crypto ecosystem that many will have little knowledge of.

Bitcoin mining, cannabis farming, and the cost-of-living crisis have all contributed to record levels of electricity theft, the BBC found.

As of next month, Chase will join the likes of Nationwide, HSBC, Santander, Barclays, Nomo, and Natwest in restricting crypto transactions.