Individuals across 20 countries were affected by this scam, but the U.K. and Australia were the two countries that were hit the hardest.
In 2019, 58% of the individuals surveyed had never heard of digital currency before; this year, FCA found that only 28% had not heard of digital currency.
The exchange, also operating under Cryptopoint and XtraderFX, solicited investment online through ads on social media platforms.
UK customers with Crypto.com, TenX or Cryptopay digital currency debit cards, which are issued by Wirecard, can use their digital currency debit cards at retailers once again.
Crypto.com, TenX, and CryptoPay users living in UK can no longer top up or make transactions with their Wirecard debit cards.
Firms need to complete their applications by end of June to give the regulator time to process applications ahead of the 2021 deadline.
Threat from fraud is most acute in digital currency and forex markets, where people were unwittingly falling for scams.
The change in terms follows the U.K. bank allowing all customers access to digital currency trading for the first time.
Indacoin’s listing will make it possible to buy BSV on its trading platform and through its extensive partner network.
A fake website touted by digital currency scammers is designed to fool unsuspecting investors into parting with their cash.
The process would see blockchain computing devices used in artificial intelligence research beneficial to medicine, finance, and other scientific applications.