Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » UK Regulatory Watch Dog Probes 18 Crypto Related Firms

UK Regulatory Watch Dog Probes 18 Crypto Related Firms

Kelly Cromley by Kelly Cromley
Jan 1, 2019
in Market News, News
Reading Time: 1 min read
0

Financial Conduct AuthorityDaily news outlet Telegraph reported 29 December that the financial watchdog of the United Kingdom, the Financial Conduct Authority (FCA), has disclosed that 18 companies are being investigated for their crypto related activities.

In response to a request from the publication of the Freedom of Information Act (FOI), the FCA said that the vast majority of its investigations into cryptocurrency-related businesses had been closed since May of this year.

Of a total of 67 such inquiries, 49 were concluded either with the issue of a warning to the participants or by admitting that there was insufficient evidence to support the suspicions of the officials.

As of November12, the statistics were accurate, added the FOI response.

Because of the ongoing nature of the proceedings, the FCA refused to reveal any information identifying the remaining 18 targets. The UK is currently in a state of upheaval with regard to its cryptocurrency economy. The desire of lawmakers to take a rather hard line on the industry has met with opposition from sources directly and indirectly involved in cryptocurrency.

In October, a report from the British Business Federation Authority argued that “bad regulation is worse than no regulation at all,” describing current government efforts as a “blunt instrument approach.”

This month, tax authorities released the first version of cryptocurrency tax advice for private investors with similar rules for later businesses. According to the Sky News media outlet, more than 300 cryptographic firms ceased to operate in the United Kingdom in 2018.

At the same time, a recent public opinion survey found that British consumers have a strong awareness of cryptocurrencies like Bitcoin (BTC).

Previous Post

China Crypto Survey – Two In Five Participants Know About Ethereum, EOS

Next Post

Crypto Exchange Bakkt Raises $182.50mln In First Round Of Funding

Related Posts

space-id-partners-with-enkrypt-wallet

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
0

SPACE ID has expanded its service capabilities through a strategic integration with the Enkrypt wallet, aiming to streamline crypto transactions...

iost-signet-ring-biometric-wearable

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
0

The evolving Web3 landscape is witnessing a growing emphasis on digital identity technologies, especially as a response to rising concerns...

arichain-partners-with-hero

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025
0

Arichain, a decentralized platform recognized for its developer-centric infrastructure and scalability, has embarked on a strategic collaboration with HERO, a...

web3-decision-partners-with-arichain

Web3 Decision and Arichain Unite to Empower Decentralized Future

by Kelly Cromley
Jun 23, 2025
0

Web3 Decision, a recognized provider of AI-driven and quantum-secure technologies for blockchain applications, has launched a strategic partnership with Arichain,...

filecoin-partners-with-avalanche

Filecoin-Avalanche Pact Unlocks Multi-Chain Storage Power

by Kelly Cromley
Jun 23, 2025
0

In a key development for the blockchain ecosystem, Filecoin and Avalanche have unveiled a strategic collaboration aimed at creating a...

More than Century Old Asset Management Firm Invests $100mln in Blockchain.com

UK Sees First Blockchain-Based UCITS Tokenized Fund Launch

by Kelly Cromley
Jun 22, 2025
0

A landmark development in the UK’s financial sector has emerged with the introduction of the country’s first blockchain-based UCITS tokenized...

Next Post
Crypto Exchange Bakkt Raises $182.50mln In First Round Of Funding

Crypto Exchange Bakkt Raises $182.50mln In First Round Of Funding

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

space-id-partners-with-enkrypt-wallet
Market News

SPACE ID and Enkrypt Simplify Crypto Transfers via Web3 Domains

by Kelly Cromley
Jun 23, 2025
iost-signet-ring-biometric-wearable
Market News

Biometric wearables, decentralized IDs, and passkey tools reshape digital trust

by Kelly Cromley
Jun 23, 2025
arichain-partners-with-hero
Market News

Arichain and HERO Partner to Reinvent Web3 User Experience

by Kelly Cromley
Jun 23, 2025
web3-decision-partners-with-arichain
Market News

Web3 Decision and Arichain Unite to Empower Decentralized Future

by Kelly Cromley
Jun 23, 2025
filecoin-partners-with-avalanche
Market News

Filecoin-Avalanche Pact Unlocks Multi-Chain Storage Power

by Kelly Cromley
Jun 23, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree