FCA warns against unregistered cryptocurrency firm

The UK Financial Conduct Authority has warned investors over an unregistered Bulgarian brokerage firm that is said to be offering cryptocurrency-related derivatives in the country.

In a statement, the financial watchdog said that Sofia-based Olsson Capital has been providing "financial services or products in the UK without our authorisation".

"This firm is not authorised by us and is targeting people in the UK. Based upon information we hold, we believe it is carrying on regulated activities which require authorisation," the FCA said.

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