The FCA and the Metropolitan Police have arrested two people suspected of running an illegal cryptoasset exchange.

Only 14% of crypto-asset business registrations submitted to the FCA have been approved by the regulator since it became the crypto market supervisor in 2020.

The FCA published 146 warnings about crypto-asset promotions in just the first day of its new crypto-marketing regime which was introduced on 8 October.

I’m not a fan of crypto investing. It’s possibly one of the nastiest and least useful new investment sectors of the last 10 years, if you can call it an investment sector.