Crypto memes will be thought-about monetary promotions, says UK watchdog

Crypto corporations and influencers might have to start out slapping disclaimers on crypto memes to remain compliant with promoting legal guidelines in the UK, in response to a brand new proposed steerage from the nation’s monetary regulator.

On July 17, the Monetary Conduct Authority (FCA) launched a proposed steerage on social media monetary promotions that targets promotional memes and monetary influencers — “finfluencers.”

Finfluencers within the crosshairs

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