Crypto companies have already breached new UK promo guidelines 221 occasions, says FCA

Crypto-promoting companies have breached the UK’s new crypto advertising guidelines at the very least 221 occasions since coming into power in early October, says the nation’s monetary regulator.

In an Oct. 25 assertion, the U.Ok. Monetary Conduct Authority (FCA) stated because the Oct. 8 crypto promotion guidelines got here into place, companies are nonetheless failing to supply seen sufficient danger warnings, present sufficient details about dangers, and are making claims concerning the security, safety or ease of utilizing crypto with out highlighting the dangers concerned.

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