British financial regulator denounces "clone" company
The UK's Financial Conduct Authority (FCA) has issued a new warning against "fraudsters" related to cryptocurrencies, Wednesday, August 8. They claim to be FCA-approved companies, while this is apparently not the case.
FCA sounds the alarm on Good Crypto
According to FCA, Good Crypto would have distributed " false details to the point of usurping legal information about registered companies". Arup Corporate Finance, based in London, in this case was one of his victims.
"This FCA-approved company for which scammers claim to work has no association with the clone company," the regulator said.Although Good Crypto has its own website and other contact details that appear to be in good standing, FCA advises users that this may be "inaccurate" or "mixed" expressly with information from Arup.
To remain vigilant
The regulator revealed another suspicious situation on August 7th. He pointed to Fair Oaks Capital investment company as part of a suspicious transaction. The UK was late in the cryptocurrency race. FCA remains on the alert by carefully evaluating digital token operators and other market entities, based on the relevant legal requirements.
In its observation of the industry, the regulatory authority noted 24 startups suspicious last May. Two months before that, the country hit the headlines when a UK-registered shell company was linked to the theft of funds from the former Mt Gox crypto-stock exchange.
What do you think of FCA's work? Is their fierce surveillance justified? Share your opinion in the comments section below.
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