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UK FCA CEO says ‘anything crypto-related should not be entitled to compensation’
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ambcrypto.comBritain’s Financial Conduct Authority Chief Executive, Nikhil Rathi recently raised caution in the crypto sector. The regulatory body has maintained the stance that crypto-related losses should not be eligible for compensation schemes on the back of illicit activities in the space.
Some time back, FCA had also released a ‘Discussion Paper’ that discussed that crypto investors could be denied Britain’s compensation program when companies go bust. In this context, Rathi had stated,
“I would suggest
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