UK Regulators Still Probing 18 Businesses Over Cryptocurrency Dealings: Report

UK Regulators Still Probing 18 Businesses Over Cryptocurrency Dealings: Report

The United Kingdom’s finance watchdog the Financial Conduct Authority (FCA) has revealed that it is investigating 18 companies over cryptocurrency use, local daily news outlet the Telegraph reported Dec. 29. Responding to a Freedom of Information Act (FOI) request from the publication, the FCA said it had closed the vast majority of its investigations into cryptocurrency-related businesses since May of this year.