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FCA is investigating 50 crypto firms
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finextra.comThe watchdog's ScamSmart website received 4300 reports of potential crypto scams in the six months to September 2021. The second most common category of scam reported was pension transfers, with 1600 reports.The FCA still has limited oversight of crypto firms, restricted to closing unsupervised companies based in the UK and ensuring compliance with AML rules.In total, the FCA received 16,400 enquiries about possible scams, up nearly a third on the same period the previous year.
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