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UK watchdog says licence needed to trade cryptocurrencies

Updated : April 06, 2018 05:28 PM IST

The Financial Conduct Authority (FCA) does not currently regulate cryptocurrencies.
Demand for cryptocurrencies has pushed up prices for currencies such as bitcoin to a record high of more than $19,000 in 2017.
In March, financial policymakers from the world's 20 leading economies called on national regulators to monitor the development of crypto-assets.
UK watchdog says licence needed to trade cryptocurrencies
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