Crypto advice UK
ID: #74153
Listed In : Financial Consultants
Business Description
Before diving into crypto, it's crucial to understand how it's regulated in the UK. The Financial Conduct Authority (FCA) oversees crypto-related activities, particularly those involving anti-money laundering (AML) and counter-terrorist financing (CTF). While cryptocurrencies themselves are not banned, firms offering crypto services must be registered with the FCA. This means you should always check if a platform or advisor is FCA-registered before engaging with them. The FCA also warns that crypto investments are high-risk and not protected by the Financial Services Compensation Scheme (FSCS).