Keval's Thoughts
UK’s financial watchdog body, the Financial Conduct Authority (FCA) has taken an active interest in how banks deal with cryptos. The organization sent out a letter to bank CEOs, explaining the potential risks of dealing with crypto-customers. The FCA is a major organization as it has close to 58,000 finance-related firms under its wing. Moreover, this is not even the first time that the FCA has warned organizations against cryptos.