UK Financial Watchdog Warns That ICO Crypto Is a Clone Company
The firm was identified as using details of the legitimate company, Swiss Re Capital Markets.
The FCA is concerned younger crypto holders will behave "less rationally and more emotionally, egged on by anonymous and unaccountable social media influencers."
On Friday, Japan’s financial regulator warned Binance is operating in that country without permission.
Binance users from Europe and the U.K. feel let down by both the exchange and their local financial institutions.
The FCA is warning consumers, banks and payment services about dealing with unregistered crypto-asset firms.
However, overall understanding of crypto is in decline, the FCA survey revealed.