{"id":41169,"title":"FCA crackdown on crypto firms: Two dozen firms are probed by City watchdog","publisher":"Share Talk","author":"sharetalk","published":"2018-05-26T16:04:47+00:00","modified":"2018-05-26T16:05:21+00:00","canonical_url":"https://www.share-talk.com/fca-crackdown-on-crypto-firms-two-dozen-firms-are-probed-by-city-watchdog/","markdown_url":"https://www.share-talk.com/fca-crackdown-on-crypto-firms-two-dozen-firms-are-probed-by-city-watchdog.md","json_url":"https://www.share-talk.com/fca-crackdown-on-crypto-firms-two-dozen-firms-are-probed-by-city-watchdog.json","category":"Fintech","categories":["Fintech"],"tags":["Bank of England","Bitcoin","Blockchain","Crypto","cryptocurrencies","cryptocurrency","FCA","Financial Conduct Authority"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1","format":"news","language":"en-GB","content":" \n\nTwo dozen firms that deal with high-risk digital currencies such as Bitcoin are being probed by the City watchdog.\n\nThe 24 companies face inquiries by the Financial Conduct Authority into whether they traded without the proper authorisation.\n\n![Probe: The FCA is also looking into seven complaints by whistleblowers raised this year about the digital currency dealing industry](http://i.dailymail.co.uk/i/newpix/2018/05/25/19/18E2A42E00000514-0-image-m-82_1527272337076.jpg)\n\nProbe: The FCA is also looking into seven complaints by whistleblowers raised this year about the digital currency dealing industry\n\nThe FCA is also looking into seven complaints by whistleblowers raised this year about the industry.\n\nIt comes amid a crackdown on so-called cryptocurrencies, with regulators worldwide warning that investors could lose everything in the Wild West market.\n\nThe FCA, the Bank of England and the Treasury are now reviewing the crypto market and could introduce new rules.\n\nRead more: [http://www.thisismoney.co.uk/money/markets/article-5772829/Two-dozen-firms-deal-digital-currencies-Bitcoin-probed-City-watchdog.html#ixzz5GclibDi1](http://www.thisismoney.co.uk/money/markets/article-5772829/Two-dozen-firms-deal-digital-currencies-Bitcoin-probed-City-watchdog.html#ixzz5GclibDi1)\n\nFollow us: [@MailOnline on Twitter](http://ec.tynt.com/b/rw?id=bBOTTqvd0r3Pooab7jrHcU&u=MailOnline) | [DailyMail on Facebook](http://ec.tynt.com/b/rf?id=bBOTTqvd0r3Pooab7jrHcU&u=DailyMail)\n\n "}