of the FCAin line with the financial regimes it regulates, in the UKcrypto firms to big finescan be sentenced.
UK’s financial regulator FCA According to , the recommended advertising rules in the UK focus more on the crypto industry. Under these rules, executives of crypto organizations can be jailed for up to two years for failing to meet promotion-related requirements.
FCA Moves On Crypto Ads In The UK!
UK Financial Conduct Authority ( FCA), “financial promotion regime”He explained that if his proposal is approved, crypto organizations will have to comply with the requirements when promoting their services in the UK.
Commenting on the subject FCA, “Crypto-asset businesses marketing to UK consumers, including firms based abroad, should be prepared for this regime”said.
According to this advertising proposal by the FCA, crypto firms must obtain authorization from the FCA to advertise their services or Financial Promotion Orderwill be required to have an exemption under
Moreover FCA, said;
“Crypto firms marketing in the United Kingdom should be prepared for this regime, foreign-based companies are also included in this regime. Taking action now will help UK consumers continue to make their legal promotions. We encourage all crypto companies to get suggestions.
Referring to the advertising and promotion methods of crypto organizations, the FCA determined that there are only four different ways to go. The regulator stated that the necessary sanctions, including imprisonment of up to two years, can be applied to organizations that act outside of these determined ways.
