Report: FCA has handled more than 1,400 cryptocurrency cases

According to a report titled "Financial Services Regulation: Adapting to Change" released by the UK National Audit Office (NAO) on Friday, the Financial Conduct Authority (FCA) in the UK revealed that it has dealt with over 1,400 cryptocurrency cases between January 2020 and June 2023. The financial services industry is also undergoing significant changes, with the rapid development of new products such as cryptocurrencies and technologies such as artificial intelligence providing opportunities for innovation, but also bringing risks to businesses and consumers. FCA must plan accordingly for this.