Amongst the most widely accepted concepts at the moment is cryptocurrency. Despite the numerous multiple kinds of crypto assets, Ethereum, Litecoin, Bitcoin, and other popular ones have become the most widely used. These are now finding applications as the mainstream payment methods.
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In the UK, cryptocurrency, such as Bitcoin, is just authorized to prevent financial fraud. Other nations like the US, Australia and India have introduced regulations to govern the crypto world.
The FCA, i.e., Financial Conduct Authority in the United Kingdom, has taken control of the CTF or Counter-Terrorism Financing and AML or Anti-Money Laundering operations related to cryptocurrencies.…Continue reading