Blockchain
Crypto Crackdown! FCA Arrests Masterminds Behind £1 Billion Operation
The Financial Conduct Authority (FCA), in conjunction with the Metropolitan Police, recently apprehended two individuals involved in operating an unregulated cryptocurrency exchange. This development marks a significant step in the ongoing effort to curb illicit use of cryptocurrencies in the region.
The arrested suspects, aged 38 and 44, allegedly facilitated transactions amounting to over £1 billion in unregistered digital assets. Their activities came under scrutiny from the FCA, leading to a thorough investigation.
The investigation included searches of offices and residences linked to the suspects in London, during which authorities seized several digital devices crucial to the case. Following their apprehension, both suspects were released on bail after receiving a police caution from the FCA.
Therese Chambers, the FCA’s Executive Director of Enforcement and Market Oversight, underscored the agency’s commitment to enforcing compliance within the crypto asset sector. She emphasized, “These arrests demonstrate our resolve to prevent cryptocurrency firms from engaging in unlawful activities in the UK.”
UK regulations mandate that cryptocurrency exchanges must be registered with the FCA, adhering to strict anti-money laundering guidelines. This regulatory framework is essential for ensuring transparency and combating financial crimes.
The FCA’s proactive measures reflect its dedication to safeguarding the integrity of the UK financial system amid the increasing popularity of cryptocurrencies. By maintaining a stringent approach, the FCA aims to protect investors and maintain trust in the financial markets.
Source: coinpedia.org
The post Crypto Crackdown! FCA Arrests Masterminds Behind £1 Billion Operation appeared first on HIPTHER Alerts.
Join us in our 10th-anniversary celebrations – special campaigns every week!
bitFlyer Europe S.A. is launching 17 new crypto-assets over the next four weeks to celebrate 10 successful years of the bitFlyer Group. Each week we will launch a new crypto-assets campaign and each week you can win exciting prizes! Our first campaign started September 26, 2024 with the launch of Axie Infinity (AXS), Decentraland (MANA), Immutable (IMX), and The Sandbox (SAND)!
Here is our campaign calendar** for the next three weeks:
- Week 2 (October 3, 2024: ApeCoin (APE), Chilliz (CHZ), Ripple (XRP), Palette Token (PLT).
- Week 3 (October 10, 2024): Avalanche (AVAX), Mask Network (MASK), The Graph (GRT), Chainlink (LINK).
- Week 4 (October 17, 2024): Flare (FLR), Symbol (XYM), Nem (XEM), Dogecoin (DOGE), and Shiba Inu (SHIB).
* Visit our 10th-anniversary site for more details. (https://bitflyer.com/en-eu/s/lp/10th-anniversary). Terms and conditions apply.
** The listing schedule is subject to change.
“These new crypto-assets not only allow customers to benefit from a more diverse environment for their investments but also gives them the opportunity to participate in cutting-edge web3 projects,” said Ms Ami Nagata, CEO of bitFlyer Europe.
“With a firm foundation in Japan and a strong regional presence in Luxembourg, bitFlyer serves a large loyal customer base that reflects its global reach. bitFlyer is truly glocal,” added Mr Yuzo Kano, founder and CEO of the bitFlyer Group.
How to Create an Account: If you are not already using our market
If you are not already using our market leading services, you can create an account and start your crypto journey with bitFlyer today. Visit our website or download the bitFlyer App on iOS and Android.
The post Join us in our 10th-anniversary celebrations – special campaigns every week! appeared first on HIPTHER Alerts.
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