US: UK Regulators Probe 18 Crypto Firms for Fraud and Illegal Operations


Over a dozen firms in the cryptocurrency sector are under investigation by UK’s financial regulator, reports the Financial Times. According to the business publication, the Financial Conduct Authority (FCA) disclosed on Sunday that 18 companies were being investigated over their involvement in selling cryptocurrencies. Additionally, alerts and warnings had been sent to another dozen or so firms over suspicion that they were engaging in cryptocurrency investment scams.

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