UK's FCA Tightens Crypto Advertising Regulations: Major Platforms Respond

UK's FCA Tightens Crypto Advertising Regulations: Major Platforms Respond



The Financial Conduct Authority (FCA) in the United Kingdom is preparing to take action against businesses that violate the upcoming rules regarding cryptocurrency advertisements.



Starting from October 8th the FCA intends to establish standards for companies involved in cryptocurrency services.



According to a report by Bloomberg these regulations will require service providers to clearly disclose any potential risks in their advertisements within the UK. These disclosures must be present across all communication channels, including websites, mobile apps and social media. Furthermore only businesses approved by the FCA will be permitted to use these disclosures.



In order to regulate advertising more effectively the UK has classified crypto assets as "restricted mass market investments " allowing them to be promoted widely but


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#Blockchain, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #News, #Regulations, #UK

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