Britain's financial watchdog has launched enquiries into 24 cryptocurrency firms to determine whether to take action to protect consumers.
The Financial Conduct Authority revealed it was reviewing the activities of the "unauthorised" businesses in its response to a freedom of information request, although did not disclose which companies those were or when those enquiries were opened.
It said, if it discovered that they were "carrying on regulated activities that require FCA authorisation", then it may investigate and take action, which could range anywhere from a warning on the FCA website to criminal prosecution.
The reviews, first reported by The Financial Times, were being conducted in...