In its press release, the UK Financial Conduct Authority (FCA) stated that it has set strict rules to combat misleading crypto-asset advertisements.
of The Block 31 July According to its news published on , the British financial regulatory agency FCA In his press release, regarding high-risk investment products, with misleading advertisements a lot to fight strict rules stated that they had determined.
January British Government related to crypto advertising tightening the rules and crypto ads FCA regulation coverage After announcing its plans, the FCA announced in the press release that legislation for full authority waiting for approval explained and:
The rules to be applied for cryptoassets are likely to be similar to other high-risk assets. Crypto still carries high risk so people should know that when they invest in crypto assets, they have to be prepared to lose all their money.
made statements.
Like “Recommend to a friend” with new rules with investment incentives your promotions will be banned and more companies prominent risk warnings their use will need specified.
FCA director of markets, Sarah Pritchard, stated that the new risk warnings prepared by the FCA have been simplified for easy understanding, but companies have a big role to play. Pritchard also stated that action will be taken against platforms that do not include risk warnings in the market, make misleading warnings or provide incomplete or misleading information about the product being sold.
FCA of the world the hardest and trustworthy It is known as one of the capital market regulators.