The UK's Financial Conduct Authority has issued more than 1,000 warnings to crypto companies since last October
2024-08-07 14:25:25
Since going 10th financial promotion rules effective since UK financial bankdesk3cryptocurrencydesktopCrypto News
Since the financial promotion rules came into effect on October 8 last year, the UK's Financial Conduct Authority (FCA) has issued more than 1,000 warnings to crypto companies. Under the new rules, crypto companies must register with the FCA to promote to UK customers. Lucy Castledine, director of consumer investment at the FCA, said in an interview that these actions have resulted in 48 apps being removed from local app stores in the UK. (Coindesk)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
