FCA: Cryptocurrency firms have breached UK’s new promotion rules 221 times since early October
The UK Financial Conduct Authority (FCA) has stated that cryptocurrency promotion companies have violated the new cryptocurrency marketing rules at least 221 times since they came into effect in early October. In a statement on October 25th, the FCA stated that companies have failed to provide sufficient risk warnings, risk information, and claims related to these issues since the implementation of the cryptocurrency promotion rules on October 8th. They have emphasized the security, protection, or ease of use of cryptocurrencies without highlighting the risks involved.
The FCA statement stated that it hopes that authorized companies that approve financial promotion activities of cryptocurrency companies will fulfill their regulatory obligations carefully.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Strategy's official website has publicly displayed core financial data such as Bitcoin holdings
DuckChain airdrop will end on February 8, over 3 million users have received it
The Key Level Ethereum Must Surpass to Prevent a Possible Crash – Explained
Traders' Strategy Shift: Derivative to Spot Exchanges Withdrawals Dictating Ethereum's Crucial Price Level
Analysis Company Reveals: These Cryptocurrencies were Most Talked About on Social Media During the Decline
Cryptocurrency analysis company Santiment shared the most talked about altcoins during the market decline in its latest post.
Trending news
MoreCrypto prices
More
