Around 85% of crypto firms who applied to the FCA were unable to demonstrate they met the minimum standards.
The Treasury Committee will hold the first session of its inquiry into the crypto-asset industry at 3.15pm on Monday 14 November.
In the inquiry, the Committee will explore the role of crypto-assets in the UK, as well as the opportunities and risks they bring to consumers.
The UK Treasury Committee today calls for additional Government action to combat fraud and scammers.
Rt Hon. Mel Stride MP, Chair of the Treasury Committee, urges the FCA to secure a swift conclusion of its Woodford probe.
The UK Treasury Committee slams the FCA for the way it handled the case of London Capital and Finance plc (LCF).
Rt Hon. Mel Stride MP, Chair of the Treasury Committee, has urged the FCA to set out when the Woodford investigation will conclude.