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Fintech

FCA probes into crypto businesses surge 74%

Spike in investigations is part of a coordinated campaign of action by the regulator

The Financial Conduct Authority has accelerated its crackdown on cryptocurrency ventures significantly, data obtained by the law firm Pinsent Masons shows.

The financial services regulator had 87 live investigations into crypto companies as of September 2019, up 74% from October 2018, according to freedom of information requests.

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