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Thiel-Backed Crypto Firm Warned By FCA Over U.K. Takeover

  • Bitpanda deal was first purchase of FCA-registered crypto firm
  • FCA approved U.K.-based Trustology’s registration in October
Peter Thiel

Peter Thiel

Photographer: Kiyoshi Ota/Bloomberg

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The U.K.’s financial watchdog raised concerns about a Peter Thiel-backed cryptocurrency trading platform controlling a U.K.-authorized firm, saying it has powers to strip the business of its registration if it found that the company or its ownership were unsuitable.