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The Financial Conduct Authority (FCA), the UK’s financial watchdog, has reviewed 44 cryptocurrency-related companies registered in the country for anti-money laundering compliance. While the specifics of the reviews are not clear, this action exemplifies the regulator’s ongoing efforts to monitor and regulate the rapidly expanding crypto sector.
The FCA’s review is part of its efforts to introduce more stringent controls over digital currencies to prevent their misuse for illegal activities like money laundering and fraud. It emphasizes that all businesses carrying out specific crypto