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FCA Proposes Crypto Crime Guidance On Wallet Checks And Blockchain Analytics

By NewsBTC Editorial Team

The FCA’s Financial Crime Guide consultation sets out proposed examples of good and poor practice as crypto firms prepare for wider supervision.

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Cryptocurrency

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.

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Blockchain

A shared digital ledger in which records are grouped into blocks and linked so that past entries are very hard to change.

It underpins cryptocurrencies and is tested for payments, supply tracking and record keeping.

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