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UK Regulator Ramps up Crypto Investigations and Considers KYC for Wallets

The U.K.’s Financial Conduct Authority (FCA) has been relentlessly scrutinizing cryptocurrency startups and investigations are up 74% from last year. Meanwhile, proponents of decentralized software development models and open collaboration are upset about the FCA aiming to extend KYC/AML regulations to the publication of open source and zero-knowledge software. Also Read: McAfee to Launch Decentralized Token Exchange With No Restrictions Since 2018, FCA Investigations Into Crypto Companies Increased by 74% The Financial Conduct Authority in the U.K. has been ramping up regulations toward digital currency operations based in the region....

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Published By: Bitcoin - 07-10-2019