FCA takes action as Crypto scams
The United Kingdom’s Financial Conduct Authority (FCA) has opened 432 regulatory cases regarding possible crypto scams or unregistered businesses, according to the regulator’s fourth Consumer Investments Data Review published this week. The document aggregates data from April 1, 2021, to March 31, 2022. Take Advantage of the Biggest Financial Event in London. This year we have expanded to new verticals in Online Trading, Fintech, Digital Assets, Blockchain, and Payments.The FCA saw an increase in enquires about cryptocurrency scams (59%) during the reported period. Although many consumers contacted the financial watchdog before they were scammed or their funds were stolen, 79%…