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News Explorer — UK Regulator Sends 'Final Warning' to Crypto Firms

Generated by AI, curated by humans

Sep 21, 9:29 pm

Decrypt

UK Regulator Sends 'Final Warning' to Crypto Firms

The UK's Financial Conduct Authority (FCA) has warned crypto businesses to comply with new financial promotion rules, but says the majority of firms are ignoring them. Only 24 out of over 150 firms have responded to a survey related to the new rules. The rules, which will take effect next month, will restrict how unauthorized crypto businesses can communicate financial promotions to UK consumers.

The UK's Financial Conduct Authority (FCA) has warned crypto businesses to comply with new financial promotion rules, but says the majority of firms are ignoring them. Only 24 out of over 150 firms have responded to a survey related to the new rules. The rules, which will take effect next month, will restrict how unauthorized crypto businesses can communicate financial promotions to UK consumers.

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