[2018-11-27]UK: FCA Investigations Into Crypto Businesses Have Doubled Since May

[tyz]

FCA (Financial Conduct Authority), UK’s Financial watchdog, has doubled the number of investigations into cryptocurrency companies to 50 since May 2018. According to Top Ten accountancy firm, Moore Stephens, the Financial Conduct Authority (FCA), has doubled the number of investigations into crypto related businesses in the UK since May of this year. This takes the total number up to 50 as of October 2018 against a backdrop of increased regulatory scrutiny.
https://bitcoinist.com/fca-uk-investigations-crypto-double/

[buwaytress]

More than a decade ago when e-gold was the choice currency of HYIPs and ponzis, it was e-gold that received the unfortunate linkages to scam (and ultimately paid the price for it). I would ordinarily say Bitcoin is only the next target for linkage, although on an objective level, with the sheer number of crypto projects and almost all of them being fairly shitcoinable, it's probably true that crypto scheme is a byline for scam. These FCA investigations are on the pretext of unlicensed operations but there's really no license required to run scams/ponzis/hyips.