FCA reveals boom in crypto scam checks

Mark Battersby
clock • 2 min read

Crypto scam checks on the FCA's ScamSmart website rose by 49% in the period April to September 2021, according to data released by UK's Financial Conduct Authority today (3 March).  Overall scam enquiries rose by a third, year on year, while the FCA stopped one out of four new firms applying to enter the market between April and September 2021. Laith Khalaf, head of investment analysis, AJ Bell, said: "Last year was boom time for cryptocurrencies, and for suspicious crypto marketing campaigns as well. There was a big spike in consumers checking the FCA's Warning Tool after being appro...

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