Cryptocurrency Q&A
Is Cash FX illegal?
Is Cash FX illegal?
SkyWalkerEcho
Sun May 26 2024
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6 answers
1382
Could you please clarify for me, is Cash FX considered an illegal activity? I've heard some rumors about its legitimacy, but I'm not entirely sure what the truth is. Could you elaborate on this matter and provide some insight into whether or not investing in Cash FX is legal? I'm interested in understanding the legal framework surrounding this type of investment and whether there are any potential risks or consequences associated with it. Thank you for your assistance in clarifying this matter for me.
6 answers
GangnamGlitter
Tue May 28 2024
Customers of this unauthorised firm will not have access to the Financial Ombudsman Service, which provides dispute resolution services.
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SamuraiWarriorSoul
Tue May 28 2024
Additionally, they will not be protected by the Financial Services Compensation Scheme (FSCS), which offers compensation in case of firm failure.
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Nicola
Tue May 28 2024
The absence of these safeguards means that investors are at significant risk if things go wrong with their investments.
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isabella_oliver_musician
Tue May 28 2024
The Financial Conduct Authority (FCA) has issued a warning regarding a cryptocurrency firm operating in the UK.
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Lucia
Tue May 28 2024
According to the FCA, this particular firm is not authorised by the regulator and is actively targeting individuals within the United Kingdom.
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