The UK Financial Conduct Authority (FCA) has issued a final warning for cryptoasset firms marketing to UK consumers and those supporting them to get ready for the financial promotion regime.
The UK Government has legislated to bring certain cryptoassets within scope of the financial promotion regime. All firms marketing cryptoassets to UK consumers, including firms based overseas, must comply with this regime.
Many of these firms have refused to engage with the FCA. For example, only 24 firms responded to a survey that was sent to over 150 firms.
This…
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