FCA's Bold Move: 146 Crypto Alerts on Day One of New Rules

FCA's Bold Move: 146 Crypto Alerts on Day One of New Rules



The UK's Financial Conduct Authority (FCA) has taken decisive action to oversee the crypto industry by issuing 146 alerts on the first day of enforcing new promotion regulations. This move marks a key step in reining in the aggressive marketing of crypto investments.



The FCA has released a detailed handbook offering guidelines for crypto firms on how to responsibly promote digital assets.



With these new UK crypto promotion rules now in full force, the 32-page guide aims to ensure that promotional activities are conducted in a manner that is transparent, straightforward, and non-deceptive. It also leaves room for future adjustments, acknowledging the ever-changing landscape of the cryptocurrency market.



Despite calls from a minister for a more relaxed approach, as reported by the Financial Times, the FCA is taking a firm


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#Adoption, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #Regulations

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