FCA Reviewed 44 Crypto Firms Registered in UK For Anti-Money Laundering Purposes

The Financial Conduct Authority (FCA) in the UK recently conducted a review of 44 registered cryptocurrency firms to ensure they are following anti-money laundering (AML) guidelines. This review was conducted in line with the FCA’s mission to protect consumers, protect financial markets, and promote competition. With the rapid rise in popularity and value of cryptocurrencies, it is crucial for regulators to ensure these platforms are not being used for illegal activities. These checks help maintain the integrity of the financial systems by preventing money laundering