FCA's 52 crypto investigations 'tip of the iceberg' - law firm

Only the beginning

Sophie King
clock • 2 min read

The Financial Conduct Authority (FCA) opened 52 investigations into cryptocurrency businesses in the last year, according to City-law firm RPC.

According to a Freedom of Information request submitted by the law firm, the FCA had been receiving an increasing number of calls to its consumer helpline about cryptocurrencies - receiving a total of 343 calls in October, almost twice the 176 calls it received six months earlier in April. Non-registered crypto businesses were required to register with the regulator by January 10 this year. Businesses that failed to meet this deadline will come under scrutiny by the FCA. However, the firm said that this is likely to be just the "tip of the iceberg" in terms of cryptocurrency-related a...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

Common language used by advisers triggers anxiety and distrust among retirees

Common language used by advisers triggers anxiety and distrust among retirees

Product-led communication one of the biggest drivers of mistrust

Laura Purkess
clock 01 April 2026 • 1 min read
Advisers: Are you even taking your own advice?

Advisers: Are you even taking your own advice?

Exploring the expenditure consolidation conversation

Nick Ryan
clock 25 March 2026 • 4 min read
CISI welcomes 76 Certified financial planners

CISI welcomes 76 Certified financial planners

Number of UK CFP professionals continues to rise

Sophia Panayi
clock 24 March 2026 • 1 min read