FCA releases supplementary guidance on UK crypto asset promotion rules
On October 8th, the promotion of encrypted assets rules that took effect in the UK caused some confusion. The Financial Conduct Authority (FCA) responded by providing additional guidance for cryptocurrency companies to help them comply with the regulations. FCA Consumer Investment Director Lucy Castledine stated in a statement, "Although the new rules for the cryptocurrency industry are consistent with existing rules for other high-risk investments, we have worked extensively with the industry and designed this guide specifically to support cryptocurrency companies in complying with the rules."
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
US Treasury Targets Houthi Crypto Wallets, Financial Network
Securitize Reports Highest-Ever Dividend of $4.17 Million for Tokenized Treasury Product
Market Turmoil Hits Pi Network: Investors Face Uncertain Future
In Brief Pi Network's value has sharply declined, alarming many within the community. Experts predict a potential price drop of Pi Coin to $0.1 if trends continue. Investor confidence remains shaky due to regulatory and technical uncertainties.
1 in every 5 Americans hold Crypto: Ripple CLO
Trending news
MoreCrypto prices
More
