The Financial Conduct Authority (FCA) of the United Kingdom came out with a report suggesting increased scams involving cryptocurrency and that they are focused on the country’s citizens. The FCA indicated that digital coin sector is an unregulated one currently in the country. Though FCA is Great Britain’s financial authority, it is struggling to cope up with emerging sector due to lack of authority to monitor it. The unregulated market provides enough opportunity for scammers to dupe genuine investors.
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