U.K. Financial Conduct Authority (FCA)

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Financial Conduct Authority
Founded 2013
Headquarters London, U.K.
Key People Andrew Bailey, Chief Executive
Twitter @https://twitter.com/thefca
LinkedIn Profile
Website https://www.fca.org.uk/
Releases Company News

The U.K Financial Conduct Authority ("FCA"), which is one of the successor agencies of the U.K.Financial Services Authority established in 2013 by the U.K government, has authority over cryptocurrency derivatives trading. It has no direct authority over cryptocurrency issuance or trading.[1]

The FCA has authority over more than 56,000 financial services companies in the U.K, which it advised several times to be cautious when dealing with cryptocurrencies and their customers who deal in them.[2]. On June 11, 2018 FCA's executive directors in charge of the Retail & Authorisations and the Investment, Wholesale & Specialists Departments issued supervisory guidance regarding criminal activity related to transactions in cryptocurrencies.[3]