UK Financial Regulator Opens 24 Investigations Into Crypto Businesses for Compliance

Cointelegraph

Published May 26, 2018 07:19AM ET

Updated May 26, 2018 08:33AM ET

UK Financial Regulator Opens 24 Investigations Into Crypto Businesses for Compliance

UK authorities have opened 24 investigations into cryptocurrency businesses over financial regulatory compliance, local media outlet CityWire reported May 25.

Responding to a freedom of information request, regulator the UK’s Financial Conduct Authority (FCA) also confirmed it had opened seven whistleblower reports since the start of the year.

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