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News Explorer — UK Crypto Firms Offered 3-Month Grace Period to Comply With New FCA Advertising Rules

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Sep 7, 3:18 pm
Coindesk

UK Crypto Firms Offered 3-Month Grace Period to Comply With New FCA Advertising Rules

The UK's Financial Conduct Authority (FCA) has announced that crypto firms may be given an additional three months to implement regulations aimed at curbing aggressive marketing. The new rules, which were originally set to take effect on October 8th, include bans on inappropriate incentives. However, compliant firms can now delay implementation until January 2024 to ensure they have the necessary technical setup. The FCA still plans to take enforcement action against overseas or unregulated firms that unlawfully market to UK consumers.

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