WARNING
WARNING: Hashfactor is a scam according to the FCA!
I contacted the Financial Conduct Authority (FCA), the UK’s financial regulatory body, about Hashfactor, and they confirmed that this company is NOT authorized by them. This means Hashfactor is not a legitimate financial services provider and is highly likely to be a scam.
Here are the key points from FCA’s response:
Hashfactor is not listed in the FCA’s register
The FCA conducted a search in their Financial Services Register, which is a public database of authorized and regulated companies in the UK. Hashfactor does not appear in the register, indicating that it is not approved by the FCA – a clear red flag for a scam.
Cryptoassets are often unregulated
The FCA clarified that buying and selling cryptoassets is usually not a regulated activity. While UK-based platforms must register with the FCA for anti-money laundering purposes, this does not mean they are fully regulated or safe.