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Regulator issues direction to crypto firm after egaming raids

The Island's financial regulator has suspended designated business carried out by a crypto-asset company linked to an egaming firm under police investigation.

The Financial Services Authority issued a written direction to Soteria Solutions Limited suspending its designated business.

Soteria shares directors and staff with King Gaming, which was raided by police on Wednesday investigating fraud and money-laundering allegations.

The FSA says because there's an ongoing a criminal investigation, it can't comment further.

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