-
FCA: Bitfinex May Be Promoting Financial Services "Without Our Permission"
Bitfinex has recently come under scrutiny. The Financial Conduct Authority (FCA) raised concerns about the cryptocurrency exchange today (Friday), warning investors of potential risks associated with it. The regulator stated that Bitfinex may be promoting financial services or products without its permission. Finance Magnates contacted Bitfinex for comments. However, at the time of this publication, a representative from the company had not responded to the inquiry. "If you deal with this firm, you won't have access to the Financial Ombudsman Service if you have a complaint," the financial watchdog cautioned. ... (full story)