The Financial Conduct Authority has added a further set of firms to its public warning list, each said to be promoting cryptoasset services to UK consumers without being registered with the regulator for anti-money-laundering supervision.
Why the list keeps growing
The warning list is reactive. A firm is usually added after a consumer reports it, which means the register lags the marketing that prompted the complaint. A rising count reflects both more reports reaching the regulator and operators recycling the names and registration numbers of authorised businesses to look credible.
The FCA repeats that its register, not the warning list, is the place to confirm a firm. Absence from the warning list is not an endorsement: a firm can operate for weeks before the first complaint lands and an entry appears.
What it changes for readers
The practical step does not move. Before depositing, confirm the firm on the FCA register, then check the warning list for the same or a similar name. A match on the warning list is decisive; a near-match on the name of a genuinely registered firm is the clone pattern the regulator keeps flagging.
This is a news summary for information only and is not financial, investment, or trading advice. Verify a firm's regulatory status independently before acting.
