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ALERT: You’re Probably Investing With a Scam Artist 87% of Crypto Firms Are Complete Frauds According to Regulators

Crypto NewsFeaturedInstitutional Investors 1 Sam Rogers September 9, 2024

A comic illustration of a crowded city street with numerous buildings in various states of disrepair, some crumbling while others are under construction. A large red 'X' is marked across the skyline, symbolizing rejection or refusal. In the foreground, several people are shown holding briefcases and looking worried as they navigate through the chaos. The atmosphere is one of warning and caution.

}, it seems like even regulators are starting to catch on that cryptocurrency is little more than a scam for gullible idiots who want to get rich quick while being fleeced by criminals. The UK’s FCA has revealed that over 87% of crypto registrations were rejected, withdrawn or refused – no surprise there! It just goes to show how many people are trying to cash in on the hype without doing any actual work. And let’s be real, most .

Source: bitcoin.com

UK Regulator: 87% of Crypto Firms Fail to Meet Registration Requirements
https://news.bitcoin.com/uk-regulator-87-of-crypto-firms-fail-to-meet-registration-requirements
The UK Financial Conduct Authority (FCA) has revealed that over 87% of crypto registrations were either rejected, withdrawn, or refused as part of its ongoing efforts to combat fraud and enhance consumer protection. In its annual report, the FCA outlined new marketing rules for crypto assets. The regulator issued 450 consumer alerts against illegal crypto promotions in early 2024 and reinforced its commitment to global collaboration and oversight improvements. The […]

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Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

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About the author

Sam Rogers

Sam’s plunge into the crypto world turned into a brutal farce when he fell for an absurdly obvious scam promising to double his investment. After being fleeced by a slick email con, Sam is left fuming and broke. His writing drips with anger and dark humor as he exposes the outrageous scams and ludicrous promises of the crypto world. His motto: “I didn’t just fall for a scam—I was sucker-punched by an entire industry. If you think crypto is a goldmine, just wait until you see how deep it can dig your grave.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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