Report: FCA has handled more than 1,400 cryptocurrency cases
According to a report titled "Financial Services Regulation: Adapting to Change" released by the UK National Audit Office (NAO) on Friday, the Financial Conduct Authority (FCA) in the UK revealed that it has dealt with over 1,400 cryptocurrency cases between January 2020 and June 2023. The financial services industry is also undergoing significant changes, with the rapid development of new products such as cryptocurrencies and technologies such as artificial intelligence providing opportunities for innovation, but also bringing risks to businesses and consumers. FCA must plan accordingly for this.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether Blacklist Lag Lets Hackers Steal $78M in USDT: Report
Senators Amend GENIUS Act Before Final Vote, What’s New?
Ripple vs. SEC: Expert Predicts Next Move in XRP Case
Ripple and WËIA Launch Blockchain Aid for Colombian Farmers
Built on the XRP Ledger, it helps trace agricultural goods — like panela, Colombia’s beloved unrefined cane sugar — from seed to harvest.
Trending news
MoreCrypto prices
More
