The UK’s Financial Conduct Authority (FCA) suggested last year that the cryptocurrency industry is home to the most financial fraud.
According to the report published by the FCA, last year, the cryptocurrency market left other financial sectors behind in terms of fraud. first placed in the queue. According to data published by the institution April 1, 2021 and March 31, 2022 Cryptocurrency industry in fraud reports reported to the FCA between payment transfer sector in two by folding He was the clear first.
Institution, notified in the relevant period 8.568 fraud report compared to the previous period. 36% He stated that the majority of these notifications are in the crypto money sector.
Taking investor safety very seriously, FCA launched a project to explain the risks in the field of cryptocurrency investment to investors. “ScamSmart” Shared fraud data as part of a campaign. In the report, for the crypto money sector in the 1-year period, 432 case was also recorded customer who reported fraud or fraud but made a deposit rate of 79% It was stated to be in the first place.
Although experts do not expect serious restrictions in light of the data, the FCA does not encourage the public to invest in cryptocurrencies. will inform and enter the industry cautiously. will slow down suggests that applications are likely to be introduced.