Odaily Planet Daily News: A joint investigation by media company News Investigation Bureau and The Observer published on January 29 showed that organized crime groups are using the UK as a base due to the UK's "lax regulation." The actual number of British cryptocurrency or foreign exchange companies involved in the scam may be far more than 168, a figure calculated by reviewing a list of suspicious shell companies and cross-referencing it with reports of fraudulent activities on various websites. Of the companies discovered, about half were related to "pig killing plates." In addition, many victims in the report said that these companies were headquartered in the UK and looked more legitimate, and they would not have been deceived if these companies were located elsewhere. It is understood that it only costs 12 pounds (14.85 US dollars) to register a company in the UK, and no form of identification is required, which makes it easy for fraudulent companies to register in the UK and gain "false credibility." (cointelegraph)