The blockchain and crypto industry remains the focus of global regulators. Blockchain, one of the most important technological revolutions of recent years, and its primary product, cryptocurrencies, opened the door to a new era in finance and banking. However, this development has the potential to revolutionize the field of global banking and finance, as well as the risk of bad actors misleading investors. At this point, it is up to the regulators to protect these investors. While many countries are carrying out intensive studies in this area, an explanation came from the UK’s Financial Regulator, FCA.
FCA Brings Stricter Regulations for Crypto Ads
While some countries adopt a more relaxed perspective in their regulatory work on cryptocurrencies, some countries may follow a strict policy in the opposite way. One of these countries is China. On the other hand, El Salvador, which has declared Bitcoin legal tender, has the opposite policy. At this point, the UK is among the countries in the middle. On the one hand, the country, which wants to become a global crypto center, on the other hand, wants to protect the investor to the end. That’s why the Financial Conduct Authority (FCA), which is preparing to impose strict regulations on misleading advertisements, has submitted its new rules to the government’s approval.
The following details were included in the press release on the subject:
“These rules are likely to follow the same approach as for other high-risk investments. Crypto remains high risk, so people should be prepared to lose all their money if they choose to invest in crypto assets.”
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