News Formal

FCA Cracks Down on Suspects in $1.2B Illegal Crypto Asset Business

  • 📰 Crypto_Potato
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

United States News News

United States United States Latest News,United States United States Headlines

Crypto Blog

Two individuals were detained and questioned by the UK Metropolitan Police and the Financial Conduct Authority for allegedly running an illegal cryptocurrency operation exceeding 1 billion British pounds in the region.that “More than £1 billion of unregistered crypto assets are believed to have been bought and sold through this business.” The individuals arrested, aged 38 and 44, were questioned and subsequently released on bail by the FCA.

Therese Chambers, the Executive Director of Enforcement and Market Oversight at the FCA emphasized the agency’s commitment to preventing illegal crypto activities in the UK financial system. She stated,

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 568. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK Regulator FCA Arrests Two People Associated With 1B-Pound Illegal Crypto BusinessCamomile Shumba is a CoinDesk regulatory reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects.
Source: CoinDesk - 🏆 291. / 63 Read more »