FCA chief executive Nikhil Rathi has reminded investors of the risk of losing money when dealing with digital assets and announced the authority's intention to take a "bolder approach" while dealing with serious breaches.
Following the measures taken to protect consumers during the #covid19pandemic, we must now seize opportunities in a changing sector and society. CEO Nikhil Rathi discusses our response to the current #financialservices landscape.
In January 2021, the FCA published a list of five issues that cryptocurrency investors should consider
Following this warning, the authority has taken a number of measures against the digital asset industry. In particular, the FCA banned the local unit of bitcoin exchange Binance from carrying out any regulated activities without prior written approval.
Earlier, the FCA estimated that the number of cryptocurrency investors in the UK had risen to 2.3 million.
As a reminder, in early September the FCA warned of increased regulation of the crypto industry to protect consumers.