The primary financial regulator of the United Kingdom, the Financial Conduct Authority (FCA), warned that ICAP (LON:NXGN) Crypto is a clone firm in a public announcement on May 24.
According to the report, ICAP Crypto is a clone firm of ICAP Europe Limited. Clone firms are a type of scam in which the scammers use information from legitimate firms in an attempt to convince targets that they are genuine.
Continue Reading on Coin Telegraph