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

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Jun 8, 8:13 am

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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."

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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