FCA’s crypto oversight rises to include AML and KYC compliance

FCA’s crypto oversight rises to include AML and KYC compliance – CoinGeek

The U.K.’s financial watchdog has assumed more oversight responsibility over the cryptocurrency industry in the country. The Financial Conduct Authority will now be charged with ensuring crypto companies adhere to stipulated know-your-customer and anti-money laundering regulations. The FCA has been actively involved in bringing order to the crypto industry, and its new role, it will become even more involved with crypto.