Anti-Money Laundering and Cryptocurrencies in the EU
In 2019, the number of investigations by the UK Financial Conduct Authority (FCA) related to companies from the crypto industry has increased dramatically.
According to the data Financial Times, in this year, the regulator is studying the activities of 87 crypto companies, which is 74% more compared to the same period in 2018, when the authorities were interested in only 50 companies. This indicator includes routine inspections and full investigations..
According to British lawyer David Heffron, who provided the information, this growth of interest indicates an increasingly responsible approach of FCA to what is happening in the crypto industry..
However, this trend is not surprising, since back in May, the regulator reported a threefold increase in the number of complaints about fraudulent online platforms related to cryptocurrency and Forex..
It is estimated that between 2018 and 2019, British investors lost about £27 million.
Recall that in August FCA announced that it would not control bitcoin and ether..
text: Ivan Malichenko, photo: FT