{"headers":{"Content-Type":"application\/x-www-form-urlencoded"},"body":"source_lang=&target_lang=NL&tag_handling=xml&split_sentences=1&preserve_formatting=1&text=Wild+West%3A+Crypto+companies+unregulated+in+the+UK&text=The+FCA+in+the+United+Kingdom+has+released+news+that+over+100+companies+are+operating+without+any+regulation+or+compliance+in+the+country.&text=%3Ca+title%3D%22Is+Crypto+Trader+A+Scam%3F%22+href%3D%22https%3A%2F%2Fwww.coininsider.com%2Fcrypto-trader-review%2F%22+data-replaced%3D%22true%22%3ECryptocurrency%3C%2Fa%3E+cautions+come+calling+with+the+Financial+Conduct+Authority+%28FCA%29+-+the+financial+watchdog+in+the+United+Kingdom+-+issuing+warnings+against+a+massive+111+cryptocurrency+companies+that+still+need+to+register+with+the+authority+organisation.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAt+the+beginning+of+the+year%2C+the+FCA+put+regulations+in+place+that+all+cryptocurrency+firms+in+the+country+need+to+comply+with+Anti-Money+Laundering+%28AML%29+Counter-Terrorist+Financing+laws+while+registering+with+the+FCA.+If+a+firm+fails+to+do+so+and+continues+to+operate%2C+it%27s+considered+illegal+practice.+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0AAccording+to+a+%3Ca+href%3D%22https%3A%2F%2Fwww.reuters.com%2Farticle%2Fus-britain-cryptoassets-regulator%2Fuk-watchdog-issues-warning-about-111-unregistered-crypto-asset-firms-idUSKCN2DY1TQ%22%3Ereport+by+Reuters%3C%2Fa%3E%2C+Mark+Stewart+-+the+head+of+enforcement+at+the+FCA+-+commented+on+the+risk+of+these+firms+that+are+operating+in+the+UK+without+registration.+He+noted%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Cem%3E%E2%80%9CWe+have+a+number+of+firms+that+are+clearly+doing+business+in+the+UK+without+being+registered+with+us+and+they+are+dealing+with+someone%3A+banks%2C+payment+services+firm%2C+consumers.+This+is+a+very+real+risk+so+we+are+worried+about+that.%E2%80%9D+%3Cstrong%3EBold%3C%2Fstrong%3E%3C%2Fem%3E%0A%0AThe+FCA+has+established+a+list+of+the+firms+that+are+operating+without+registration+to+help+protect+investors+and+consumers.+If+the+firm+is+listed%2C+the+FCA+warns+against+engaging+with+the+company%2C+given+their+lack+of+abiding+by+the+regulation+and+the+red+flags+involved+with+non-compliance.%0A%3Ch2%3ECrypto+boom+in+the+UK%3C%2Fh2%3E%0AThe+FCA+is+concerned+that+the+cryptocurrency%27s+rise+in+popularity+might+see+vulnerable+enticed+to+the+wrong+platform.+With+more+and+more+citizens+investing+in+cryptocurrency%2C+there+has+been+a+remarkable+dip+in+their+understanding+of+the+industry+-+a+recipe+ripe+for+risk.+Stewart+believes+that+some+might+be+investing+in+the+scene+because+of+the+rise+in+profit+opportunity.+Pointing+towards+the+risk+of+volatility%2C+he+noted+that+FOMO+might+be+a+driving+point%3A+%3Cstrong%3EBold%3C%2Fstrong%3E%0A%0A%3Cem%3E%E2%80%9CThe+reason+many+are+investing+now+is+because+they+have+a+fear+of+missing+out+on+what+might+be+a+boom.+Leaving+aside+how+volatile+these+instruments+actually+are%2C+it+has+tulip+mania+written+all+over+it.%E2%80%9D%3C%2Fem%3E","timeout":15}