UK’s FCA Studies the Country’s Cryptocurrency Market as the Registration Deadline Ends
June 30 is also the last day for submitting registration applications by businesses dealing with cryptocurrency. Another fact revealed by the FCA research showed that most cryptocurrency users came to the market by advertising, which denotes a high level of trust to advertising in general.
Generally, FCA makes their best efforts to raise people’s awareness of various scam projects and teach them to tell legitimate companies from fraudsters. At another end, the registration requirements would allow the FCA to strengthen the control over the cryptocurrency industry and ensure only legitimate businesses enter the British market.