Financial Crime Financial Crime

We've warned of crypto risks as best as we can despite lack of powers, UK's top financial watchdog says

By Phoebe Seers
  • 30 Nov 2022 12:41
  • 30 Nov 2022 12:41
The UK’s financial watchdog has done its best to protect the public from cryptoasset risks despite having scant powers in this area, its chief executive said today. 

Nikhil Rathi cited “repeated warnings” to consumers about the dangers of investing in cryptoassets, as well as warnings about specific firms — including the now bankrupt FTX

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Phoebe Seers


Phoebe has covered Financial Crime and compliance issues for MLex since 2015, initially in the Hong Kong bureau and currently in London. While in Hong Kong she won two SOPA awards for her reporting on corruption in the energy sector in Indonesia. Prior to journalism she worked as a solicitor with a focus on white-collar crime litigation in London and Hong Kong. She has a BA in English and Philosophy from Newcastle University.

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