The post UK FCA Tightens Crypto Anti-Money Laundering Measures Amid Global Trends appeared first on Coinpedia Fintech News
The UK’s FCA escalates anti-money laundering measures in crypto. FCA’s risk assessment mentions crypto firms among high-risk sectors since 2020. Dedicated resources like 15.8 employees for crypto, fight against illegal activities. In fact, law enforcement deploys crypto tactical advisors to seize millions in criminal assets. New rules for stablecoins and broader operations on crypto are expected by mid-2024. These measures align with the global trends in enhancing the crypto market.
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