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

The five-minute complaint and the five-day investigation

The five-minute complaint and the five-day investigation

GSI Group CEO on complaints, AI and the latest set of FOS reforms

Mark Buck
clock 12 August 2026 • 5 min read
Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin: The advice gap - an embarrassment of riches?

Andrew Goodwin
clock 12 August 2026 • 4 min read
New Talent Alliance launches financial advice careers guide

New Talent Alliance launches financial advice careers guide

Designed to attract new entrants into the profession

Sophia Panayi
clock 11 August 2026 • 2 min read