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News Explorer — UK FCA to Introduce 'Cooling-Off' Period for First-Time Crypto Purchases

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Jun 8, 8:13 am
www.ftadviser.com

UK FCA to Introduce 'Cooling-Off' Period for First-Time Crypto Purchases

The UK financial regulator, the FCA, has proposed new rules to protect crypto investors, including a 24-hour waiting period for first-time crypto purchases and a ban on 'refer a friend' bonuses. The FCA has asked the industry to provide feedback on its proposed rules, and reiterated that it considers crypto assets "high risk."

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