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READ MOREUK watchdog issues warning about 111 unregistered crypto asset firms
Britain’s markets watchdog said on Tuesday that more than 100 unregistered crypto asset firms posed a risk to the broader financial system and warned consumers, banks and payment services companies against dealing with them.
Mark Steward, the Financial Conduct Authority’s (FCA) head of enforcement and market oversight, told City & Financial’s City Week event that such companies were high risk, volatile and unregulated – and 111 were operating in Britain without necessary registration.
Read more at the KYC360.
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