Fintech

The Fintech Files: Crypto firms fail money laundering test, while Celsius’ woes mount

Fintech Files rounds up what's going on in fintech and crypto this week

A Celsius lawyer said the company intends to use the breathing spell of Chapter 11 to come up with a repayment plan for its users
A Celsius lawyer said the company intends to use the breathing spell of Chapter 11 to come up with a repayment plan for its users Photo: Alamy

Temperatures in Britain are reaching records, but crypto firms have already been feeling the heat.

That is, at least, when it comes to the Financial Conduct Authority’s anti-money laundering rules, which the vast majority of crypto companies are still failing to abide by.

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