to cryptocurrencies The number of people investing continues to increase. In addition to those who invest consciously, there are many people who believe in crypto money ads on the market without doing any research.
In this context, those who think that crypto money investment is risky UK Financial Conduct Authority (FCA), announced today that it will introduce stricter rules to combat misleading crypto-related advertising, according to a press release today.
Your new strict rules cryptocurrency stating that it will not apply to promotions FCAHe said he expects regulating and tightening rules in the field of cryptocurrency ads and marketing to be included in his mandate.
In January of this year, the UK government announced that it plans to bring regulatory rules on cryptocurrency advertising into the FCA’s remit.
Once that mission plan has been accepted, the FCA cryptocurrency stated that they will publish the final rules on advertisements and marketing.
“The rules regarding cryptocurrencies are likely to follow the same approach as the rules for other high-risk investments.
Crypto remains high-risk investments, so people should be prepared to lose all their money if they choose to invest in crypto assets.
Stronger rules for high-risk investments require individuals to have appropriate expertise in this area.”
In the context of these disclosures, the FCA “Refer to a friend bonus” He said certain investment incentives, such as
Additionally, the FCA noted that with the new stringent rules, firms will be required to issue clearer and more specific risk warnings regarding crypto.
Sarah Pritchard, FCA Director of Markets, “Our new simplified risk alerts are designed to help companies better understand risks. We will take action when we see that unfair or misleading products are being marketed that do not contain the right risk warnings.” said.