FCA issues warning as Forex and Crypto fraud reports triple

Today, the FCA has announced warned of the rise of fraudulent online trading platforms after the reported number of crypto and forex exchange scams more than tripled in the last financial year. It also found that the total losses from these scams amounted to £27 million.   Kevin Murcko, CEO at crypto exchange CoinMetro, commented:   Criminals follow the money, and this report from the FCA shows they are taking advantage of consumers’ lack of understanding about crypto assets. If you’ve heard about Bitcoin on the news but don’t know…

Read More