The UK government’s Insolvency Service has shut down a crypto advisory firm for accounting negligence and the loss of investors’ money. The firm seemingly claimed to help users with investments while promoting crypto schemes that resulted in millions lost. False Crypto Expert Company Shut Down On Monday, The UK’s government published a press release unveiling […]
Crypto Regulatory Failures: FCA’s Slow Enforcement And Staffing Woes Draw Criticism | Bitcoinist.com
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The UK’s Financial Conduct Authority (FCA) is facing criticism from the country’s National Audit Office (NAO) for its sluggish approach to enforcing crypto laws and a shortage of staff with expertise in cryptocurrencies. In a recent report published by the NAO, an independent entity responsible for scrutinizing public spending, it highlighted the potential impact of […]