The financial conduct authority UK (FCA) is investigating in relation to 18 cryptomery working without the appropriate licenses.
The regulator according to the tradition, did not disclose the names of firms to which there are claims. It is noteworthy that in November under the FCA investigation was more than fifty scriptcombine. Management reported that 49 firms were closed, and 39 of them got off with warnings.
“Consumers may buy unsuitable products, face big losses, be subject to fraudulent activities, the struggle for access to the services market or face the failures of service providers such as stock exchanges,” said FCA Executive Director Christopher Woolard (Christopher Woolard) in November 2018.
According to the Director of a major law firm Reynolds Porter Chamberlain Jeff Kaufman (Jeff Kaufmann), the rules regulating the cryptocurrency market in the UK can take up to two years. Meanwhile, the Group of development of financial measures of struggle against money-laundering (FATF) has demanded that the UK has made more efforts to monitoring in the cryptocurrency sphere to counter the laundering of funds obtained unlawfully and the financing of terrorism.
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