Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: mlawson71 on October 10, 2019, 06:02:12 PM
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Currently 87 crypto currency related companies in the UK are under investigation by the local Financial Conduct Authority (FCA) – 74% up from 50 in October a year ago, the Financial Times reports.
According to the FCA latest statistics for the past 12 months victims of crypto and foreign - exchange scams in the UK have lost over 27 million pounds in more than 1800 separate cases.
FCA warns that inexperienced traders can quite easily fall into the get- rich- quick traps, because of the sharp rise of the bitcoin price and the elaborate techniques scammers use in their clandestine operations.
Source (https://www.forexbrokerz.com/news/fca-focuses-on-the-crypto-market-with-87-companies-under-investigation)