2.3 million people in the UK hold some form of cryptocurrency, the FCA can't ban that but want to ban crypto dealing if the companies don't tighten up to FCA anti-money laundering regs.mlawson71 wrote: Mon Jul 05, 2021 9:33 pm The FCA recently warned about a whopping 111 cryptocurrency companies. Mark Steward, the head of enforcement and market oversight down at the FCA, commented that his agency is completely aware that there are firms in the UK currently operating without authorization.
Furthermore, all 111 companies are yet to apply for a license, leading many to speculate that all these firms are indeed scams.
The 111 firms probably just won't bother having a UK base. Still no international agreement on crypto market regulations.
